Forex analysis - 2025-07-08 (04:54)

Forex data GBP/USD
Date : 2025-07-08
Opening : 1.35990
Higher up: 1.36460
Below: 1.35230
Closing : 1.35850

Economic news :
What Is Lot Size in Forex? The Key to Controlling Risk and Optimizing Trade Exposure
Markets Digest The Latest Trade Developments
Strong Jobs Data Limits Dollar's Losses Amidst Fiscal And Tariff Concerns

Detailed analysis:
For a complete analysis of the Forex market for the GBP/USD pair on the given date, let's look at the various aspects mentioned in detail.

### Current trend :
GBP/USD opened at 1.35990 and closed slightly lower at 1.35850, indicating slight downward pressure over the course of the day. The high at 1.36460 and the low at 1.35230 show moderate volatility, but the close near the open suggests some indecision in the market. This could be a sign of consolidation after a period of volatility, or a corrective move in a broader trend.

### Impact of economic news :
1. **Lot Size in Forex**: Although this article is educational, it could influence novice traders by focusing on risk management, which could reduce volatility if more traders adopt more conservative lot sizes.

2. **Markets Digest The Latest Trade Developments** : Trade developments can have a significant impact on currency pairs. If the news is positive for the UK or negative for the US, this could support sterling. However, continued trade concerns may also weigh on market sentiment.

3. **Strong Jobs Data Limits Dollar's Losses** : Strong US jobs data tends to strengthen the US dollar by suggesting a robust economy. This may limit the dollar's losses, which could explain why GBP/USD has been unable to maintain its intraday gains.

### Short-term forecasts :
1. **Bullish scenario**: If sterling receives further support, perhaps from positive economic news or an improvement in the UK's trade outlook, the pair could retest or even surpass the 1.36460 level.

2. **Bearish scenario**: If concerns over tariffs and trade developments persist, or if US economic data continues to surprise positively, pressure on sterling could intensify, pushing the pair towards support at 1.35230 or even lower.

3. **Neutral scenario**: In a context of uncertainty or balanced news, the pair could continue to move sideways, oscillating between current resistance and support levels.

### Conclusion :
Traders should keep a close eye on upcoming economic announcements, particularly those relating to employment and trade, as they could influence the future direction of GBP/USD. Rigorous risk management remains crucial, especially in a potentially uncertain market environment.