Forex data GBP/USD
Date : 2025-06-26
Opening : 1.36560
Higher up: 1.37247
Below: 1.36556
Closing : 1.37010

Economic news :
GBP/USD Bearish Continuation in Play as ATR and Fibo Align Lower
US Futures Rise Amid FOMO Panic With S&P Set For New All Time High
What's next as the British pound hits its highest in more than three years?

Detailed analysis:
To analyse the GBP/USD forex market on 26 June 2025, we need to consider price movements, current trends and recent economic events. Here is a full analysis:

### Current trend
The GBP/USD pair showed some volatility during the day, opening at 1.36560, reaching a high of 1.37247, and closing at 1.37010. The overall trend appears to be bullish on the day, although there may have been some downward pressure, as suggested by the headline "GBP/USD Bearish Continuation in Play as ATR and Fibo Align Lower". This indicates that despite the intraday rise, there could be underlying pressure towards lower levels.

### Impact of economic news
1. **Bearish Continuation** : Technical analysis suggests that the ATR (Average True Range) indicators and Fibonacci levels are pointing to a bearish continuation. This could mean that despite the intraday bounce, the pair could continue to fall in future sessions, unless economic data or events change this dynamic.

2. **US Futures Rise**: US markets show signs of rising, with the S&P 500 potentially reaching a new all-time high. This may strengthen the US dollar on the back of better perceived economic performance in the US, which could put downward pressure on GBP/USD.

3. **Sterling strength**: Sterling has reached its highest level for over three years, which could indicate underlying strength due to factors such as Bank of England monetary policy or favourable UK economic data. However, this strength could be temporary if technical downtrends persist.

### Short-term forecasts
- Bullish scenario**: If sterling's strength continues, supported by positive economic data or monetary policy decisions, the pair could retest the resistance levels around 1.37247 and potentially move above them.

- Bearish scenario**: If the technical downtrend continues and the US dollar continues to strengthen, the pair could fall back towards support levels, potentially below the 1.36560 opening. Future economic events, such as Bank of England announcements or US economic indicators, could influence this move.

- Factors to watch**: Traders should keep a close eye on key economic announcements on both sides of the Atlantic, movements in the US equity market, as well as any indication of changes in monetary policy in both countries.

To sum up, although the pair has shown some strength over the course of the day, the technical and economic indications suggest caution, with the possibility of further downside in the short term. Investors should keep a close eye on the new data and adjust their strategies accordingly.