Forex analysis - 2025-07-04 (09:50)

Forex data GBP/USD
Date : 2025-07-04
Opening : 1.36511
Higher up: 1.36812
Below: 1.36447
Closing : 1.36600

Economic news :
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USD Rises Against Major Currencies on Strong U.S. Employment Data
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Detailed analysis:
To provide a complete analysis of the Forex market for the GBP/USD pair on the given date, we need to look at several aspects, including price movements, recent economic news, and short-term forecasts.

### Technical Analysis

1. **Price movements:**
- Opening:** 1.36511
- Higher:** 1.36812
- Lowest:** 1.36447
- Closing:** 1.36600

The GBP/USD pair showed a slight rise over the course of the day, opening at 1.36511 and closing at 1.36600. The high for the day was 1.36812, indicating an attempt to move higher, but the market closed slightly below this level.

2. **Current trend:**
- The general trend seems to be slightly upwards for the day, but the variation remains limited, which may indicate consolidation or hesitation on the market.

### Fundamental Analysis

1. **Economic News:**
- Major economic news indicates that the US dollar (USD) has gained value against the major currencies, supported by robust US employment data. This is likely to have put downward pressure on the GBP/USD pair, limiting its upside potential.
- The market is still digesting the strong employment data, which could lead to increased volatility in the coming sessions.

2. **News impact:**
- Strong US employment data is strengthening the dollar, making the USD more attractive to investors. This could continue to weigh on the GBP/USD pair if UK economic data does not offset this momentum.

### Short-Term Forecasts

1. **Possible scenarios:**
- Bullish scenario:** If the UK releases positive economic data or if the Bank of England takes a more aggressive stance on interest rates, this could support sterling and push GBP/USD higher.
- Bearish scenario:** If US economic data continues to beat expectations or if global risk sentiment favours the dollar, the pair could see increased downward pressure.
- Consolidation Scenario:** In the absence of any major economic news, the pair could continue to oscillate in a narrow range, reflecting investor uncertainty.

### Conclusion

The GBP/USD pair is currently being influenced by external economic factors, notably the strength of the US dollar supported by solid economic data. Investors should keep a close eye on economic developments and monetary policy announcements on both sides of the Atlantic to gauge potential moves in the pair. Traders should also be prepared to react quickly to economic news that could influence the pair's future direction.