Forex analysis - 2025-06-04 (19:52)

Forex data GBP/USD
Date : 2025-06-04
Opening : 1.35128
Higher up: 1.35799
Below: 1.35008
Closing : 1.35580

Economic news :
Mixed Jobs Data From U.S. Sways Sentiment In World Markets
Kraken Partners with Ivy to Enable Instant Bank Payments for European Crypto Users
Dollar a touch lower in European morning trade

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

#### 1. **Current trend:**
The GBP/USD pair experienced a day of moderate fluctuation, opening at 1.35128 and closing at 1.35580. The market reached a high of 1.35799 and a low of 1.35008, indicating a degree of volatility in the course of the day.

#### 2. **Impact of Economic News:**

- Mixed employment data in the United States:**
Mixed US employment data had a significant impact on market sentiment. A mixed report may indicate a US economy in transition, which could weaken the US dollar and support GBP/USD. Investors are often cautious in the face of uncertain data, which can lead to increased volatility.

- Kraken-Ivy partnership for Instant Payments:**
Although this partnership is primarily about the cryptocurrency sector, it reflects a wider trend towards financial innovation in Europe. This could indirectly strengthen sterling by improving perceptions of the UK's and Europe's economic and technological capabilities.

- Slightly Lower Dollar in Europe:**
The fact that the dollar was down slightly in morning trade in Europe probably contributed to sterling's relative strength today. This could be the result of mixed employment data or other macroeconomic factors.

#### 3. **Short-term forecast:**

- Bullish scenario:**
If sterling continues to receive support from the weakening dollar, we could see GBP/USD retest resistance around 1.3600. This would be reinforced by positive economic developments in the UK or continued dollar weakness.

- Cashier script:**
On the other hand, if new economic data or statements from the Federal Reserve strengthen the dollar, or if political uncertainties in the UK emerge, the pair could return to test the support levels around 1.3500.

- Neutral scenario:**
In the absence of any major economic news, the pair could stabilise around the current close, with sideways movements between 1.3500 and 1.3600 as traders wait for further economic or geopolitical indications.

In summary, the GBP/USD pair is currently being influenced by external factors linked to the US dollar and financial innovations in Europe. Traders should keep a close eye on economic developments and political announcements to anticipate future movements.