Forex data GBP/USD
Date : 2025-06-20
Opening : 1.34602
Higher up: 1.35111
Below: 1.34405
Closing : 1.34450

Economic news :
GBP/USD Weekly Forecast: Diverging Fed-BoE Weighs on Pound
Futures Rise Ahead Of Record $5.9 Trillion Triple-Witching OpEx
ForexLive European FX news wrap: Markets quiet, tentative as the weekend draws closer

Detailed analysis:
**Comprehensive analysis of the GBP/USD Forex market**.

**Date:** 2025-06-20

### Market Data
- Opening:** 1.34602
- Higher:** 1.35111
- Lowest:** 1.34405
- Closing:** 1.34450

### Technical Analysis
1. **Current trend:**
- GBP/USD opened at 1.34602 and closed slightly lower at 1.34450, having hit an intraday high of 1.35111. This dynamic suggests bearish pressure on the pair, especially after hitting a low of 1.34405.
- The fact that the close is closer to the day's low indicates persistent weakness in the GBP against the USD.

2. **Technical levels:**
- Short-term resistance:** 1.35111 (intraday high)
- Short term support:** 1.34405 (intraday low)

### Impact of Economic News
1. **Monetary Policy Divergence (Fed-BoE):**
- The divergence between the monetary policies of the Federal Reserve (Fed) and the Bank of England (BoE) is weighing on sterling. If the Fed maintains a tighter monetary policy than the BoE, this could continue to weaken the GBP against the USD.

2. **Triple Witching OpEx :**
- The triple witching event, in which options and futures contracts on indices and equities expire simultaneously, can add volatility to the market. This could influence movements in the GBP/USD pair, although the direct impact is often more visible on stock indices.

3. **Pre-Weekend calendar:**
- The markets appear to be adopting a cautious approach ahead of the weekend, potentially reducing volatility and limiting significant moves, barring any unforeseen major economic news.

### Short-Term Forecasts
1. **Bullish scenario:**
- If the GBP/USD manages to bounce back and break through resistance at 1.35111, this could signal a short-term bullish turnaround. In that case, a move towards 1.35500 could be on the cards.

2. **Cashier script:**
- If the selling pressure persists, with a break below the 1.34405 support level, the pair could continue to fall towards the 1.34000 level.

3. **Factors to watch:**
- Major economic announcements, particularly those concerning interest rates and the monetary policies of the two central banks.
- Geopolitical developments that could affect investor confidence and demand for safe-haven currencies such as the US dollar.

To sum up, the GBP/USD pair currently appears to be under pressure, influenced by monetary policy divergences and market caution. Investors should monitor key technical levels and economic developments to anticipate future moves.