Forex data GBP/USD
Date : 2025-04-01
Opening : 1.29150
Higher up: 1.29260
Below: 1.29110
Closing : 1.29250

Economic news :
Markets Worry About Recession In The U.S.
GBP/USD Turns Sideways as 20-SMA Blocks Advance
Gold Prices Continue to Surge Amid Market Instability and Geopolitical Risks

Detailed analysis:
### Complete Forex Market Analysis - GBP/USD

#### Current Trend
The GBP/USD pair is showing a sideways trend, as indicated by price behaviour on the day analysed. The opening level of 1.29150 and closing level of 1.29250, with a high of 1.29260 and a low of 1.29110, suggest low volatility and market consolidation around these levels. This sideways trend could indicate indecision among investors, probably influenced by external economic factors.

#### Impact of Economic News
1. **US Recession Concerns** : Concerns about a possible recession in the US are having a significant impact on the currency market, particularly on the US dollar. Economic uncertainty in the US could weaken the dollar, offering potential support to sterling, although this has not yet fully translated into a significant rise in GBP/USD.

2. **Blocking by the 20-period Moving Average** : Mention of the 20-period simple moving average (SMA) blocking advances indicates significant technical resistance. This means that, as long as the pair fails to break through this level, bulls could find it difficult to take control of the market.

3. **Rising Gold Prices** : The rise in the price of gold, generally considered a safe haven in times of uncertainty, reflects growing risk aversion among investors. This could indirectly influence the GBP/USD pair by increasing demand for assets considered safer.

#### Short-Term Forecasts
1. **Bullish scenario**: If the pair manages to break through the resistance of the 20-period SMA, we could see a recovery attempt with potential targets around 1.29500, or even 1.30000, if global economic conditions improve or the dollar continues to weaken.

2. **Bearish scenario**: Conversely, if economic worries persist and the pair fails to break through resistance, a dip towards support at 1.29000 could occur. A break below this level could pave the way for further losses towards 1.28500.

3. **Sideways scenario**: If current market conditions persist with continued economic uncertainty, the pair could continue to move sideways between 1.29100 and 1.29300.

In conclusion, investors should keep a close eye on economic developments in the United States and technical movements around the 20-period moving average to assess possible next steps for the GBP/USD pair.