Forex data GBP/USD
Date : 2025-04-24
Opening : 1.32539
Higher up: 1.32943
Below: 1.32505
Closing : 1.32900
Economic news :
ForexLive Asia-Pacific FX news wrap: Trump talks tough on tariffs again
Global Market Sentiment Improves
Man Group PLC : Form 8.3 - Serica Energy plc
Detailed analysis:
### Complete Forex Market Analysis - GBP/USD
#### Data of the Day
- Opening:** 1.32539
- Higher:** 1.32943
- Lowest:** 1.32505
- Closing:** 1.32900
#### Technical Analysis
The GBP/USD pair showed a slight uptrend on the day, as evidenced by the close above the opening level. The fact that the closing price is close to the day's high indicates continued buying pressure.
1. **Support and Resistance:**
- Immediate support:** 1.32505 (day's low)
- Immediate resistance:** 1.32943 (day's high)
2. **Technical indicators:**
- Moving averages:** If we consider a simple 20-day moving average, checking whether the price stays above it can reinforce the uptrend.
- RSI:** An RSI above 50 reinforces the idea of an uptrend.
#### Fundamental Analysis
The major economic news of the day has a significant impact on the pair :
1. **Trump and Tariffs:**
- Trump's statements on tariffs may strengthen the US dollar if they are seen as positive for the US economy, but they may also increase volatility.
2. **Improvement in Overall Sentiment:**
- Overall positive market sentiment may encourage capital flows into riskier currencies such as sterling, supporting the GBP/USD pair.
3. **Information about Man Group PLC:**
- Although this news mainly concerns the equities market, it could indirectly influence the forex market if it affects investor confidence.
#### Short-Term Forecasts
1. **Bullish scenario:**
- If market sentiment remains positive and trade tensions do not worsen, GBP/USD could retest resistance at 1.32943 and potentially move above it, paving the way for higher levels.
2. **Cashier script:**
- If trade tensions intensify or if unfavourable economic news emerges for the GBP, the pair could retreat towards support at 1.32505, or even break it to explore lower levels.
3. **Potential volatility:**
- Traders should be prepared for increased volatility due to the uncertainties associated with trade policies and the major economic decisions expected.
#### Conclusion
The GBP/USD pair is showing signs of short-term strength, but remains vulnerable to economic and geopolitical developments. Traders should keep a close eye on economic news and technical indicators to adjust their positions accordingly.
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