Forex analysis - 2025-02-27 (22:53)

Forex data GBP/USD
Date : 2025-02-27
Opening : 1.26729
Higher up: 1.26888
Below: 1.25977
Closing : 1.25990

Economic news :
Bristow Group Reports Fourth Quarter 2024 Results
USD Index Fluctuates Amid Tariff Delay Speculations
GBP/USD Rebounds from Support - Bullish Setup Toward 1.2725

Detailed analysis:
**Comprehensive analysis of the GBP/USD Forex market**.

**Date:** 2025-02-27

**Opening:** 1.26729
**Highest:** 1.26888
**Lowest:** 1.25977
**Closing:** 1.25990

### Current trend

The GBP/USD pair showed a downward trend on the day, opening at 1.26729 and closing at 1.25990, close to its low for the day. This indicates persistent selling pressure despite an attempt to bounce back to the high at 1.26888. The close near the low suggests that sellers dominated the market throughout the session.

### Impact of Economic News

1. **Bristol Group Reports Fourth Quarter 2024 Results**: Although this news mainly concerns an individual company, it may have an indirect impact on general economic sentiment in the UK, especially if the results are indicative of wider economic trends.

2. **USD Index Fluctuates Amid Tariff Delay Speculations** : Speculation about a tariff delay directly affects the US dollar. If the market perceives these speculations as positive for the US economy, this could strengthen the dollar, exerting downward pressure on the GBP/USD pair.

3. **GBP/USD Rebounds from Support - Bullish Setup Toward 1.2725**: Although the pair has shown signs of rebounding from support, today's negative close suggests that selling pressure remains strong. However, if support holds, a bullish scenario could develop towards 1.2725, provided fundamentals and market sentiment improve.

### Short-Term Forecasts

- Bullish scenario**: If the pair manages to hold its current support and speculation about the delay of US tariffs continues to weigh on the dollar, we could see a rebound towards 1.2725. A strengthening UK economy or positive UK news could also support this scenario.

- Bearish scenario**: If selling pressure persists and the US dollar strengthens on the back of positive economic news or a favourable resolution to tariff speculation, the pair could test new lows below 1.25977. A break of this support could pave the way for a more pronounced decline.

To sum up, although the current trend is bearish, particular attention should be paid to critical support levels and economic developments that could influence market sentiment and reverse or reinforce the current trend.