Forex data GBP/USD
Date : 2025-07-04
Opening : 1.36560
Higher up: 1.36810
Below: 1.36310
Closing : 1.36520
Economic news :
The US dollar sellers quickly wade in again, cable completely recovers
Global FX Market Summary: Escalating US Trade Tensions and Tariffs, US Dollar Strength, Currency Fluctuations 7 July 2025
GBP/USD: Downside in Focus With US Dollar Strength Confirming Pressure
Detailed analysis:
To analyse the Forex market for the GBP/USD pair on 4 July 2025, we need to consider a number of factors, including market movements, major economic news and short-term forecasts. Here is a full analysis:
### Technical Analysis
1. **Current trend:**
- The GBP/USD pair is showing a degree of volatility, but with a slight downtrend, as suggested by the fact that it closed lower than it opened (1.36520 vs. 1.36560).
- Today's range is relatively narrow (high at 1.36810 and low at 1.36310), which may indicate consolidation or that investors are waiting for a new direction.
2. **Technical indicators:**
- Nearby support and resistance levels should be watched. Immediate support lies around the day's low at 1.36310.
- Immediate resistance lies around the day's high at 1.36810.
- Traders could also keep an eye on the moving averages to confirm the medium-term trend.
### Impact of Economic News
1. **Influence of Recent News:**
- Growing trade tensions in the United States and currency fluctuations are adding pressure to the market. This could strengthen the US dollar, adversely affecting the GBP/USD pair.
- News reports point to a strong US dollar, which could explain the downward pressure on sterling.
- Sellers of US dollars appear to be active, which could temper the pair's downward movements.
2. **Market sentiment:**
- Uncertainty linked to trade tensions and US tariff policies could keep volatility high in the coming sessions.
- Investors could adopt a wait-and-see approach, anticipating new economic or political information.
### Short-Term Forecasts
1. **Possible scenarios:**
- Bullish scenario:** If trade tensions ease or if positive economic data emerges from the UK, the pair could retest resistance at 1.36810.
- Bearish scenario:** A continuation of US dollar strength and trade tensions could push the pair towards support at 1.36310, or even lower if the pressure continues.
- Consolidation scenario:** In the absence of any major news, the pair could continue to trade in a narrow range around its current levels.
2. **Factors to watch:**
- Major economic announcements, particularly those relating to employment, economic growth and monetary policy decisions in the United States and the United Kingdom.
- Political and commercial developments, in particular those concerning US-UK trade relations.
In conclusion, the GBP/USD pair is currently under pressure due to the strength of the US dollar and trade tensions. Investors need to keep a close eye on economic and political news to anticipate future movements in this currency pair.
