Forex data GBP/USD
Date : 2025-04-03
Opening : 1.30439
Higher up: 1.31142
Below: 1.30000
Closing : 1.31080

Economic news :
Markets Brace For Trump's New Trade Tariffs
ForexLive European FX news wrap: Markets on edge awaiting Trump tariffs
Avenix Fzco Introduces Avexbot: Data-Driven Precision for Forex Traders

Detailed analysis:
For a complete analysis of the GBP/USD forex market on 3 April 2025, we need to consider a number of factors, including market movements, the impact of economic news and short-term forecasts.

### Technical Analysis

1. **Market movements:**
- Opening:** 1.30439
- Higher:** 1.31142
- Lowest:** 1.30000
- Closing:** 1.31080

The GBP/USD pair showed some volatility during the day, with a gap of 114 pips between the low and the high. The close near the high indicates upward pressure at the end of the session.

2. **Current trend:**
- Closing above the opening level suggests an uptrend for the day. A break above 1.31000 is significant, as it could indicate a continuation of the uptrend if the level is maintained.

### Impact of Economic News

1. **News on Trump's tariffs:**
- The announcement of new tariffs by the Trump administration tends to create uncertainty in the markets. This may have a negative impact on the US dollar, as investors may fear an escalation in trade tensions.

2. **Market reactions:**
- The anticipation of the new tariffs has probably contributed to the volatility observed, with traders moving cautiously in anticipation of the announcement. This situation could strengthen sterling if the dollar shows signs of weakness.

3. **Introduction to Avexbot:**
- The introduction of a tool like Avexbot, which uses data to optimise Forex trading, could increase the sophistication of trading strategies, but its immediate impact on the GBP/USD pair is likely to be limited.

### Short-Term Forecasts

1. **Possible scenarios:**
- Bullish:** If resistance around 1.31142 is breached with high volume, the pair could target higher levels, potentially around 1.31500, bolstered by dollar weakness.
- Bearish:** If trade tensions intensify and the dollar strengthens, the pair could return to test support at 1.30000.

2. **Factors to watch:**
- Developments surrounding US tariffs and their impact on market sentiment.
- Upcoming economic data from the UK and the US, which could influence traders' decisions.
- Key technical levels, in particular the support and resistance mentioned.

To sum up, the GBP/USD pair is showing bullish signs, but the economic uncertainties linked to the US tariffs could influence future direction. Traders should keep a close eye on economic news and technical signals to adjust their positions.