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

Economic news :
Monday open levels, indicative FX prices, 16 June 2025 - USD up after Trump bombs Iran
GBP/USD Weekly Forecast: Diverging Fed-BoE Weighs on Pound
Futures Rise Ahead Of Record $5.9 Trillion Triple-Witching OpEx

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

#### Current context
The GBP/USD pair showed notable volatility during the session of 20 June 2025. Opening at 1.34602, the price reached a high of 1.35111 before falling back to a low of 1.34405 to close at 1.34450. This movement indicates selling pressure at the end of the day, despite an earlier bullish attempt.

#### Impact of Economic News
1. **Geopolitical context** : The attack by the United States under the Trump administration on Iran has strengthened the dollar due to increased risk aversion, pushing investors towards safe havens, including the US dollar. This has put downward pressure on sterling against the dollar.

2. **Divergent monetary policy**: Diverging expectations between the US Federal Reserve (Fed) and the Bank of England (BoE) continue to weigh on the GBP. The Fed could maintain a tighter monetary policy, strengthening the dollar, while the BoE could adopt a more accommodative approach due to domestic economic concerns in the UK.

3. **Triple Witching Event**: The simultaneous expiry of various futures and options contracts (Triple-Witching) also added to market volatility, influencing short-term movements and creating fluctuations in market liquidity.

#### Technical Analysis
- Current Trend** : The pair is showing a short-term downtrend, accentuated by a close below the opening level and close to the day's low.
- Support and Resistance** : The 1.34405 level (low for the day) acts as immediate support, while the area around 1.35111 (high for the day) acts as short-term resistance.

#### Short-Term Forecasts
- Bullish scenario**: In the event of geopolitical stabilisation and indications of Fed easing, the pair could rebound towards the 1.35111 resistance level. A break above this level could open the way to 1.35500.
- Bearish scenario**: If geopolitical tensions persist and the dollar continues to strengthen, the pair could break through current support at 1.34405 to test lower levels, potentially around 1.34000.

#### Conclusion
The GBP/USD pair is currently being influenced by geopolitical and monetary factors. Traders should keep a close eye on developments concerning Iran and central bank statements in order to adjust their positions. Caution is advised, given the increased volatility and uncertainty on the markets.