Forex data GBP/USD
Date : 2025-05-28
Opening : 1.35094
Higher up: 1.35220
Below: 1.34496
Closing : 1.34670

Economic news :
Markets Wait For Economic Data, NVIDIA
GBP/USD Analysis: Is the Rally Losing Steam?
DAX Rises but Fragile Sentiment Looms Over Trump's Unpredictable Trade Moves

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

#### Data of the Day
- Opening:** 1.35094
- Highest:** 1.35220
- Lowest:** 1.34496
- Closing:** 1.34670

### Current trend
GBP/USD opened at 1.35094 and closed at 1.34670, showing a slight decline on the day. The price range is relatively narrow, with a high of 1.35220 and a low of 1.34496, indicating some hesitation in the market.

### Impact of Economic News
1. **Markets Wait For Economic Data, NVIDIA** : Waiting for new economic data can lead to reduced volatility as investors adopt a wait-and-see approach. This could explain the narrow range seen in GBP/USD movements today.

2. **GBP/USD Analysis: Is the Rally Losing Steam?** : The question posed by this analysis is pertinent, as today's bearish move could indicate a weakening of the previous bullish momentum. Traders could be re-evaluating their positions in light of the future economic outlook.

3. **DAX Rises but Fragile Sentiment Looms Over Trump's Unpredictable Trade Moves**: Although this news is more focused on the DAX, the uncertainty surrounding US trade policies under the Trump administration could have global repercussions, including for sterling. The increased volatility resulting from unpredictable announcements could influence the markets' perception of risk.

### Short-Term Forecasts
- Bullish scenario:** If expected economic data proves positive for the UK, GBP/USD could rebound, retesting resistance levels around 1.35220. A break above this level could stimulate further bullish momentum.

- Bearish scenario:** On the other hand, if economic data is disappointing or global trade uncertainty intensifies, the pair could fall further. A break below support at 1.34496 could pave the way for lower levels, with a potential target around 1.34000.

- Neutral scenario:** The pair could also continue to fluctuate in a narrow range, in the absence of clear catalysts or significant news. Traders could wait for clear signals before taking larger positions.

To sum up, the GBP/USD pair currently appears to be waiting for new catalysts, with slight downward pressure. The next few days could be influenced by international economic news and political developments. Traders should keep a close eye on economic announcements and trade policy developments to assess future prospects.