Forex data GBP/USD
Date : 2025-06-10
Opening : 1.35489
Higher up: 1.35640
Below: 1.34559
Closing : 1.34890

Economic news :
Futures Rise Ahead Of US-China Talks
GBP/USD Weekly Forecast: Metal Tariff Exemptions Boost Pound
GBP/USD Price Analysis: Pound Fades Gains Ahead of NFP

Detailed analysis:
Forex market analysis for the GBP/USD pair to 10 June 2025 presents several key elements to consider. Let's start with a detailed analysis of the economic data and news affecting this pair.

### Technical Analysis :

1. **Current trend:**
- Opening at 1.35489** and **closing at 1.34890** indicate a slight decline on the day. The pair reached a **high of 1.35640** and a **low of 1.34559**, showing some intraday volatility.
- Closing below the opening, combined with volatility, could indicate bearish pressure in the market in the short term.

2. **Technical levels:**
- Support:** The low of 1.34559 could serve as immediate support. A break below this level could pave the way for further declines.
- Resistance:** Today's high at 1.35640 could act as short-term resistance, and a break above it could signal a return to an uptrend.

### Impact of Economic News :

1. **Future Rise Ahead Of US-China Talks :**
- Talks between the US and China may influence global market sentiment. An improvement in trade relations could strengthen the US dollar, putting downward pressure on GBP/USD.

2. **Metal Tariff Exemptions Boost Pound:**
- Tariff exemptions on metals may support sterling by stimulating the UK industries concerned. This could offer support to the pound, but the effect seems limited in the current context of the decline observed.

3. **Pound Fades Gains Ahead of NFP :**
- Waiting for the US Non-Farm Payrolls (NFP) figures often creates volatility. If the figures are better than expected, this could strengthen the US dollar, putting further pressure on the GBP/USD pair.

### Short Term Forecast :

1. **Bullish scenario:**
- If the talks between the United States and China come to a favourable conclusion and the British economic data come as a positive surprise, the pair could test and potentially exceed resistance at 1.35640.

2. **Cashier script:**
- In the event of persistent trade tensions or robust US economic data, the pair could break support at 1.34559, paving the way for lower levels.

3. **Side scenario:**
- In the absence of significant economic catalysts, the pair could oscillate between the support and resistance identified, with consolidation around the current closing level.

In summary, the GBP/USD pair is showing a short-term downtrend, influenced by economic news and expectations regarding trade talks. Traders should keep a close eye on developments in the US-China talks, as well as upcoming major economic data, for further indications of market direction.