Forex analysis - 2025-04-18 (04:50)

Forex data GBP/USD
Date : 2025-04-18
Opening : 1.32631
Higher up: 1.32985
Below: 1.32536
Closing : 1.32940

Economic news :
US Crypto Exchange Kraken Expands to Stocks, ETFs and FX Perpetual Futures
Kraken Pro Rolls Out Forex Perpetual Futures
Man Group PLC : Form 8.3 - Serica Energy plc

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

#### Market Context
The GBP/USD pair rose slightly during the session of 18 April 2025. The market opened at 1.32631 and closed at 1.32940, marking a moderate rise on the day. The high for the day was 1.32985, while the low was 1.32536.

#### Current Trend
The current trend for the GBP/USD pair appears to be slightly bullish, with a positive movement from the open to the close. This trend could be influenced by technical factors such as support and resistance, as well as fundamental factors linked to economic news.

#### Impact of Economic News
1. **The announcement that Kraken, a crypto-currency platform, is expanding into equities, ETFs and Forex futures could have an indirect impact on the GBP/USD pair. This could indicate an increase in interest in alternative financial products and a diversification of investments, which could influence liquidity and volatility in the Forex market.

2. **Kraken Pro and Perpetual Forex Futures:** The launch of Perpetual Forex Futures by Kraken Pro could attract new traders to the Forex market, potentially increasing volatility and trading activity in the GBP/USD pair.

3. **Although this announcement is not directly linked to Forex, movements in the energy sector may have implications for Sterling, particularly if it influences economic perceptions in the UK.

#### Short-Term Forecasts
1. **Bullish scenario:** If the current trend continues, we could see GBP/USD retest the resistance level around 1.3300. A break above this level could pave the way for further gains. A break above this level could pave the way for further gains.

2. **Bearish scenario:** If market sentiment changes and the US dollar strengthens, possibly in response to economic news or interest rate movements, the pair could fall back towards support at 1.3250.

3. **Sideways scenario:** If the market remains uncertain, the pair could consolidate between support at 1.3250 and resistance at 1.3300, waiting for new economic or geopolitical catalysts.

#### Conclusion
In summary, the GBP/USD pair is currently showing a slight uptrend, supported by recent economic developments. Traders should keep a close eye on economic news and future announcements that could influence the direction of the pair. Key technical levels to watch include resistance at 1.3300 and support at 1.3250.