Forex data GBP/USD
Date : 2025-06-09
Opening : 1.35283
Higher up: 1.35812
Below: 1.35241
Closing : 1.35350

Economic news :
GBP/USD Weekly Forecast: Metal Tariff Exemptions Boost Pound
GBP/USD Price Analysis: Pound Fades Gains Ahead of NFP
Global FX Market Summary: US Nonfarm Payrolls (NFP), ECB, US-China Trade Relations 6 June 2025

Detailed analysis:
To analyse the Forex market for the GBP/USD pair on 9 June 2025, we need to take into account market data and major economic news. Here is a detailed analysis:

### Technical Analysis

1. **Current trend:**
- GBP/USD opened at 1.35283 and closed at 1.35350, showing a slight rise on the day.
- The high for the day was 1.35812, while the low was 1.35241, indicating moderate volatility.
- The close above the open suggests some upward pressure, although the variation is small, which could indicate consolidation or hesitation in the market.

2. **Technical indicators:**
- Moving averages:** If available, check whether the pair is above or below the key moving averages (50-day, 200-day) to determine the medium- and long-term trend.
- RSI (Relative Strength Index):** An RSI close to 70 could indicate an overbought situation, while an RSI close to 30 would indicate an oversold situation.
- Support and resistance:** The 1.35812 level could act as resistance, while 1.35241 could serve as short-term support.

### Fundamental Analysis

1. **Impact of Economic News:**
- Metal Tariff Exemptions:** Tariff exemptions on metals may have strengthened sterling, as they can stimulate economic activity in the UK by reducing costs for industries using these metals.
- The imminent publication of the Nonfarm Payrolls (NFP) figures in the United States is crucial. Market expectations for these figures could generate volatility. Strong job creation could strengthen the US dollar, while a disappointing figure could weaken the dollar.
- US-China trade relations:** Tensions or advances in trade relations between the United States and China may indirectly influence GBP/USD via the impact on the US dollar.

### Short-Term Forecasts

1. **Possible scenarios:**
- Bullish scenario:** If the NFPs are lower than expected, this could weaken the dollar and allow the pound to appreciate. In addition, positive developments in tariff exemptions could continue to support the pound.
- Bearish scenario:** Strong NFP would strengthen the dollar, pushing the pair lower. In addition, any deterioration in trade relations or unfavourable economic news in the UK could weigh on the pound.
- Neutral scenario:** If the NFPs are in line with expectations and there is no major economic news, the pair could continue to oscillate in a narrow range, reflecting a consolidation.

In conclusion, the GBP/USD pair is influenced by both technical and fundamental factors. Traders should keep an eye on imminent economic releases and geopolitical news that could impact the market. Particular attention to support and resistance levels and key economic indicators will be crucial in navigating the coming sessions.