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06.03.202505:08 Forex Analysis & Reviews: GBP/USD Forecast for March 6, 2025

Yesterday, the British pound experienced a significant upward movement, breaking through the resistance range of 1.2816 to 1.2847. This morning, it continues to rise towards the next target of 1.3001, which corresponds to the low from September 11, 2024. However, the daily Marlin oscillator is indicating signs of exhaustion.

Exchange Rates 06.03.2025 analysis

A pullback from the 1.3001 level seems likely. If the resistance is surpassed, the price could increase an additional 100 pips, targeting 1.3101, which aligns with the peak on October 15, 2024.

Exchange Rates 06.03.2025 analysis

On the H4 chart, it's clear that the price did not break through the 1.2816 to 1.2847 range smoothly; instead, it formed a brief consolidation within this range, which ultimately helped build momentum for further growth. The Marlin oscillator is moving away from the overbought zone, but the price may still attempt to reach the 1.3001 level.

*La presente analisi del mercato ha un carattere esclusivamente informativo e non rappresenta una guida per l`effettuazione di una transazione.

Laurie Bailey,
Analytical expert of InstaSpot
© 2007-2025
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