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04.03.2025 04:52 AM
GBP/USD Forecast for March 4, 2025

Yesterday's surge of over 120 pips in the pound was surprising. However, at the same time, a small double divergence with the Marlin oscillator formed on the daily chart, giving bears another opportunity to turn the situation in their favor.

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Since this is a "dirty" graphical divergence, it can be broken relatively easily. There remains a possibility that the price could break above 1.2708 and consolidate, which would transform the divergence into a single, cleaner one. Uncertainty may persist until Friday's U.S. employment data is released.

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On the four-hour chart, the price has paused at the 1.2708 resistance level. The overall trend, according to the indicator readings, remains upward. However, given the strong growth under unclear circumstances, a market cooldown is likely, which could alter the readings of the technical indicators.

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2025
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