Forex analysis - 2025-06-02 (07:51)

Forex data GBP/USD
Date : 2025-06-02
Opening : 1.34537
Higher up: 1.35339
Below: 1.34500
Closing : 1.35280

Economic news :
Monday open levels, indicative FX prices, 02 June 2025
Trade 350 App: This Trade 350 App Sets New Standard in AI-Driven Trading with Unmatched Security and User Approval
Trade Jitters Keep Markets Volatile

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

**Current trend:**

The GBP/USD pair showed notable volatility during the June 2, 2025 session. Opening at 1.34537 and closing at 1.35280 indicate an appreciation of sterling against the US dollar on the day. The high of 1.35339 and the low of 1.34500 highlight a relatively wide range of fluctuation, which is often a sign of uncertainty or increased sensitivity to economic and political news.

**Impact of economic news:**

1. **Monday Open Levels & Indicative FX Prices:** Monday Open Levels and Indicative FX Prices can reflect market expectations after the weekend, often influenced by economic or political news during this period. These levels can set the tone for the start of the week, influencing traders' strategies.

2. **Trade 350 App:** The launch of this AI-driven application could have an indirect impact on the Forex market, particularly if it promises improved security and user approval. Increased adoption of advanced trading technologies can lead to faster and more volatile market movements as algorithms react to new data.

3. **Trade Jitters & Market Volatility:** Trade jitters can keep markets volatile. Investors may be concerned about uncertain economic or geopolitical developments, which could lead to sharp and unpredictable movements in currency pairs, including GBP/USD.

**Short-term forecasts:**

1. **Bullish scenario:** If the uptrend in the pound continues, GBP/USD could continue to test higher resistance levels. Traders could target the psychological threshold of 1.3550, provided that UK economic data continues to support the strength of the pound, and that economic uncertainties in the United States persist.

2. **Bearish scenario:** In the event of a return to dollar strength, possibly through favourable US economic data or a reduction in trade uncertainties, GBP/USD could reverse direction and test support near 1.34500. Traders should be on the lookout for news that could strengthen the dollar.

3. **Neutral scenario:** If geopolitical and economic conditions remain balanced, the pair could consolidate around current levels, with sideways movements between 1.34500 and 1.35339.

In conclusion, the market remains sensitive to economic and geopolitical developments. Traders should keep a close eye on economic news on both sides of the Atlantic and adjust their strategies accordingly.