Forex analysis - 2025-06-02 (12:53)

Forex data GBP/USD
Date : 2025-06-02
Opening : 1.34537
Higher up: 1.35571
Below: 1.34500
Closing : 1.35300

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:
To carry out a complete analysis of the GBP/USD forex market on 2 June 2025, we need to take into account price movements, major economic news and other factors influencing the market.

### Technical Analysis

1. **Current trend:**
- Opening:** 1.34537
- Higher:** 1.35571
- Lowest:** 1.34500
- Closing:** 1.35300

GBP/USD opened at 1.34537 and closed at 1.35300, with a high of 1.35571 and a low of 1.34500. This indicates an intraday uptrend, as the closing price is higher than the opening price. The upward movement suggests buying pressure during the day.

2. **Candlestick analysis:**
- The candlestick formation shows a bullish progression with some volatility, as shown by the difference between the day's lows and highs. The fact that the close is close to the high indicates positive sentiment for the session.

### Fundamental Analysis

1. **Impact of Economic News:**
- **Trade 350 App:** The announcement of a new AI-powered trading app could influence traders' behaviour, potentially increasing volatility and interest in risky assets, including currency pairs such as GBP/USD.
- Market volatility:** The "trade jitters" mentioned in the news may indicate persistent uncertainty in the markets, which may intensify price movements in the short term.

2. **Macroeconomic events:**
- Although specific news about UK or US monetary or economic policy is not mentioned in the context, overall volatility could be influenced by expectations of monetary policy decisions by the Bank of England or the Federal Reserve.

### Short-Term Forecasts

1. **Possible scenarios:**
- Bullish scenario:** If positive sentiment persists and economic news supports sterling, the GBP/USD could retest the resistance level around 1.35571, or even break through it.
- Bearish scenario:** In the event of negative news or a strengthening US dollar, the pair could return to its support levels around 1.34500.
- Consolidation Scenario:** The market could also enter a consolidation phase if traders are waiting for more clarity on economic or political developments.

### Conclusion

The GBP/USD pair is currently in an intraday uptrend, but volatility and economic uncertainties could influence future movements. Traders should keep a close eye on economic developments and monetary policy announcements to adjust their positions accordingly. Prudent risk management is recommended in view of the increased volatility.