Forex analysis - 2025-07-09 (06:01)

Forex data GBP/USD
Date : 2025-07-09
Opening : 1.35850
Higher up: 1.36190
Below: 1.35610
Closing : 1.35860

Economic news :
Futures Rise With Trump Tariff Updates, FOMC Minutes On Deck
GBP/USD Price Analysis: Pound Recovers Amid Renewed Tariffs
What Is Lot Size in Forex? The Key to Controlling Risk and Optimizing Trade Exposure

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

#### 1. **Market Data Summary:**
- Opening:** 1.35850
- Higher:** 1.36190
- Lowest:** 1.35610
- Closing:** 1.35860

The GBP/USD pair showed moderate volatility during the session, with a variation of 38 pips between the day's high and low. The close is very close to the opening price, indicating a relatively neutral session.

#### 2. **Current trend:**
The session is trending sideways, closing close to the opening level. This may indicate indecision in the market. Investors seem to be waiting for clearer signals before taking significant positions.

#### 3. **Impact of Economic News:**
- Updates on Trump's tariffs:** Announcements of new tariffs or changes to US trade policies can create uncertainty in markets, often leading to increased volatility. In this context, GBP/USD could be influenced by investors' reactions to these announcements.

- FOMC Minutes:** The Federal Open Market Committee (FOMC) minutes may offer clues as to future US monetary policy. If the minutes suggest a more hawkish approach, this could strengthen the US dollar, weighing on the GBP/USD. Conversely, a dovish approach could weaken the dollar, supporting sterling.

- Sterling analysis:** The pound seems to have recovered from the news of renewed tariffs, suggesting some resilience. This could indicate underlying confidence in the UK economy or favourable policy expectations.

#### 4. **Short-term forecast:**
- Bullish scenario:** If the FOMC minutes indicate a dovish approach, or if positive news emerges from the UK, the pair could retest the resistance level around 1.36190, or even break through it.

- Bearish scenario:** In the event of unfavourable economic news for the United Kingdom or hawkish signals from the FOMC, the pair could test support around 1.35610, with a risk of falling below this level.

- Sideways scenario:** In the absence of any significant news or surprises in the FOMC minutes, the pair could continue to trade in a narrow range, reflecting the market's current indecision.

#### 5. **Conclusion:**
The GBP/USD pair is currently being influenced by external factors, notably US trade policies and the Fed's monetary policy expectations. Traders should keep a close eye on economic and political developments to adjust their strategies accordingly. Particular attention should be paid to key technical levels to identify potential trading opportunities.