Forex data GBP/USD
Date : 2025-05-29
Opening : 1.34670
Higher up: 1.34710
Below: 1.34148
Closing : 1.34690

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:
**Comprehensive analysis of the GBP/USD Forex market**.

**1. General context:**
The forex market is influenced by a multitude of factors, including economic data, political decisions and global news. The GBP/USD, as a major currency pair, is particularly sensitive to economic and political developments in the UK and the US.

**2. Data of the day:**
- Opening:** 1.34670
- Higher:** 1.34710
- Lowest:** 1.34148
- Closing:** 1.34690

The GBP/USD pair has shown little volatility over the day, with a relatively narrow price range. This suggests some hesitation among traders, possibly in anticipation of new economic data or major events.

**3. Current Trend:**
Closing close to the opening price indicates a day of consolidation. The recent trend could be characterised by a degree of indecision, which is often the case prior to the publication of important economic data or major political events.

**4. Impact of Economic News:**
- Markets are waiting for important economic data to be released. This could include indicators such as GDP, the unemployment rate, or monetary policy decisions that could have a significant impact on the GBP/USD pair.
- Although NVIDIA is a US technology company, its results can influence global market sentiment, particularly if the results affect US stock indices, which in turn can influence the US dollar.
- DAX and Trump's Trade Moves:** Uncertainties surrounding Trump's trade policies can create increased volatility on the markets. Although this mainly concerns Europe and Germany, the impact on global investor sentiment may indirectly affect Forex.

**5. Short Term Forecast:**
- Bullish scenario:** If upcoming UK economic data is positive and uncertainties around US trade policies ease, GBP/USD could see a recovery above 1.34710, potentially testing higher resistance.
- Bearish scenario:** On the other hand, if economic data disappoints or if trade tensions increase, this could push the pair down, testing support at 1.34148 or even lower.
- Technical indicators:** Watch indicators such as the RSI and MACD for overbought or oversold signals, which could indicate a potential trend reversal.

In conclusion, the GBP/USD pair is currently in a state of limbo, and the next few sessions will depend heavily on economic and political news. Traders should remain vigilant and ready to react to new information that could influence the direction of the market.