Forex data GBP/USD
Date : 2025-05-02
Opening : 1.32713
Higher up: 1.33306
Below: 1.32604
Closing : 1.32640

Economic news :
Markets React To Hints Of Trade Talks Between U.S. And China
Futures Rise Ahead Of Payrolls After China Hints At Trade Talks
Earnings Boost Market Sentiment

Detailed analysis:
To carry out a complete analysis of the GBP/USD pair on 2 May 2025, it is important to take into account both the technical data and recent economic news that may influence the market.

### Technical Analysis

1. **Performance of the day:**
- Opening:** 1.32713
- Higher:** 1.33306
- Lower:** 1.32604
- Closing:** 1.32640

The GBP/USD pair showed moderate volatility over the course of the day, with a slight fall from its opening. The fact that the price closed slightly below its opening could indicate selling pressure, although the variation was minimal.

2. **Trends and technical levels:**
- Support:** The 1.32600 level, close to the day's low, could act as immediate support.
- Resistance:** The 1.33300 level, corresponding to the day's high, is key resistance to watch.
- Moving averages:** Check the short- and medium-term moving averages (e.g. 20 and 50 days) to determine the general trend. If the short-term moving average is above the long-term moving average, this indicates an uptrend, and vice versa.

### Fundamental Analysis

1. **Impact of economic news:**
- Trade talks between the United States and China:** Positive indications about trade talks between these two major countries may boost risk sentiment, leading to a rise in risky assets and pressure on safe havens such as the US dollar. This could potentially support sterling against the dollar.
- Positive expectations ahead of the release of US employment figures (payrolls) may also influence the dollar. A strong labour market could strengthen the dollar, but expectations that have already been priced in could limit this effect.
- Market sentiment:** Good corporate results may improve overall market sentiment, encouraging investors to take more risks, which could also support sterling.

### Short-Term Forecasts

1. **Possible scenarios:**
- Bullish:** If trade talks progress positively and US employment figures beat expectations, the pound could benefit from improved risk sentiment and target resistance at 1.33300 again.
- Bearish:** On the other hand, if the negotiations fail or the employment figures disappoint, the dollar could strengthen, pushing the GBP/USD pair towards support at 1.32600 or even lower.
- If the news is mixed, the pair could move in a narrow range, consolidating around current levels.

In conclusion, the GBP/USD pair is currently being influenced by major external factors, including trade talks and the US economic outlook. Investors should monitor these developments closely and adjust their positions accordingly.