Forex analysis - 2025-07-01 (12:16)

Forex data GBP/USD
Date : 2025-07-01
Opening : 1.37281
Higher up: 1.37885
Below: 1.37237
Closing : 1.37710

Economic news :
Dollar struggles continue to start July trading
European Markets Seen Opening Positive On Tuesday
Dollar beaten down at month-end but now the real test begins

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

#### 1. **Current trend:**
The GBP/USD pair showed a slight rise during the session on 1 July 2025, moving from an opening at 1.37281 to a close at 1.37710. This progression indicates a moderate uptrend for the day. The fact that the day's high was reached at 1.37885 suggests resistance around this level, while the low at 1.37237 could serve as immediate support.

#### 2. **Impact of Economic News:**
Recent news indicates that the US dollar is facing persistent difficulties, which has probably contributed to the rise in the GBP/USD pair. Dollar weakness, often influenced by factors such as the Federal Reserve's monetary policies, economic data and geopolitical uncertainties, may strengthen sterling against the dollar. In addition, the positive outlook for European markets could also support sterling, boosting investor confidence in the region.

#### 3. **Short-term forecast:**
- Bullish scenario:** If the dollar continues to show signs of weakness and UK economic data remains strong, GBP/USD could continue its uptrend. A break above resistance at 1.37885 could open the way to the psychological level of 1.3800.

- Bearish scenario:** On the other hand, if positive news emerges from the US, strengthening the dollar, or if unfavourable economic data emerges from the UK, the pair could retest support at 1.37237. A break below this level could lead to a fall towards 1.3700.

- Factors to watch:** Traders should monitor Federal Reserve announcements, key economic data such as inflation and employment rates in the US and UK, and political developments that could affect investor confidence.

In conclusion, although the GBP/USD pair has shown some strength, volatility remains, and traders should keep a close eye on macroeconomic news and key technical movements.