Forex analysis - 2025-06-13 (18:56)

Forex data GBP/USD
Date : 2025-06-13
Opening : 1.36148
Higher up: 1.36322
Below: 1.35163
Closing : 1.35830

Economic news :
Global FX Market Summary: Israel strikes Iran's nuclear facility, Gold, Fed, Currency Volatility, 13 June 2025
Cautious Sentiment In World Markets
GBP/USD: Bulls Lose Momentum After UK GDP Contracts

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

#### General Context

The foreign exchange market was marked by heightened volatility following major geopolitical events and significant economic news. The GBP/USD pair, in particular, has been influenced by these developments, which is reflected in the price movements observed.

#### Technical Analysis

- Opening:** 1.36148
- Highest:** 1.36322
- Lowest:** 1.35163
- Closing:** 1.35830

GBP/USD opened at 1.36148 and closed at 1.35830, showing a slight decline on the day. The high of 1.36322 indicates an attempt by buyers to push the price higher, but bearish pressure dominated, leading to a low of 1.35163.

#### Current Trend

The current trend for the GBP/USD pair appears to be slightly bearish, with the bulls losing strength. This dynamic is partly due to a contraction in UK GDP, as mentioned in the major economic news. A contraction in GDP generally indicates economic weakness, which can weigh on sterling.

#### Impact of Economic News

1. **Geopolitical conflict:** Israel's attack on an Iranian nuclear facility has heightened uncertainty on world markets, increasing Forex volatility. In such scenarios, investors tend to turn to safe-haven assets such as the US dollar, which could explain the fall in the GBP/USD pair.

2. **Contraction in UK GDP:** The contraction in UK GDP suggests an economic slowdown, which weakens sterling. Investors may be less inclined to invest in GBP-denominated assets, increasing downward pressure on the pair.

3. **Market sentiment:** Cautious global market sentiment, amplified by geopolitical tensions and economic uncertainties, is contributing to current volatility. This may also limit the ability of bulls to sustain a significant rally in sterling.

#### Short-Term Forecasts

1. **Bearish scenario:** If selling pressure persists, the pair could retest support around 1.35163. A break below this level could pave the way for further declines towards 1.34500.

2. **Bullish scenario:** If geopolitical tensions stabilise and UK economic data improves, the pair could rebound towards 1.36322. A move above this level could encourage buyers to target 1.37000.

3. **Factors to Watch:** Investors should keep a close eye on geopolitical developments in the Middle East, UK economic announcements, and monetary policy decisions from the Fed, which could influence the future direction of GBP/USD.

### Conclusion

The GBP/USD pair is currently under pressure with a short-term downtrend, influenced by geopolitical and economic factors. Investors should keep a close eye on these factors and adjust their trading strategies accordingly.