Forex analysis - 2025-07-03 (08:53)

Forex data GBP/USD
Date : 2025-07-03
Opening : 1.36467
Higher up: 1.36749
Below: 1.36232
Closing : 1.36620

Economic news :
Dollar Gains on Weakness in the Yen and British Pound
ATFX Releases Q3 2025 Trader Magazine: Your Essential Guide to Global Markets in Uncertain Times
ForexLive European FX news wrap: Dollar finds a floor as markets eye US jobs data

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

#### Summary of the day's movements
- Open:** 1.36467
- Higher:** 1.36749
- Lowest:** 1.36232
- Closing:** 1.36620

The GBP/USD pair showed a slight rise over the course of the day, opening at 1.36467 and closing at 1.36620. Intraday movement saw a high of 1.36749 and a low of 1.36232, indicating moderate volatility.

#### Trend Analysis
The current trend shows a slight appreciation in sterling against the US dollar, although the rise remains limited. This trend could be influenced by technical factors, such as support and resistance levels close to the price levels observed. The market seems to have found a temporary equilibrium, with modest movements around the 1.3650 area.

#### Impact of Economic News
1. **Dollar Gains on Weakness in the Yen and British Pound:** The strength of the dollar against sterling and the yen underlines the increased demand for the dollar, often seen as a safe haven, against a backdrop of economic uncertainty. This dynamic has probably limited the pound's ability to appreciate significantly.

2. **ATFX Releases Q3 2025 Trader Magazine:** Although this publication is not directly related to the daily GBP/USD movement, it reflects the growing interest in market analysis in an uncertain environment. Traders can adjust their strategies according to the global economic outlook outlined in the magazine.

3. **ForexLive European FX news wrap:** The focus on US employment data may have strengthened the dollar, as strong employment figures could support a tighter monetary policy from the Federal Reserve, making the dollar more attractive.

#### Short-Term Forecasts
- Bullish scenario:** If upcoming UK economic data shows signs of recovery or resilience, or if US data disappoints, the pair could retest the resistance level around 1.3675. A break above this level could open the way to 1.3700.

- Bearish scenario:** In the event of further signs of weakness in the pound or strengthening in the dollar (for example, through positive economic data in the United States), the pair could fall back towards support at 1.3620. A break below this level could lead to a fall towards 1.3600. A break below this level could lead to a fall towards 1.3600.

- Factors to watch:** Traders should keep a close eye on major economic releases, including US employment data and UK economic indicators, as well as any statements from the Bank of England or the Federal Reserve that could influence market expectations.

In conclusion, the GBP/USD pair is showing moderate movements against a backdrop of dollar strength. The short-term outlook will largely depend on economic developments on both sides of the Atlantic.