Forex analysis - 2025-07-10 (21:55)

Forex data GBP/USD
Date : 2025-07-10
Opening : 1.35860
Higher up: 1.36190
Below: 1.35300
Closing : 1.35730

Economic news :
ForexLive European FX news wrap: Dollar steady, equities down awaiting trade developments
Tariff Turbulence Haunts Markets
GBP/USD: Pound Dips as UK GDP Contracts

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

#### 1. **Summary of the Day's Data** (in French)
- Open:** 1.35860
- Higher:** 1.36190
- Lowest:** 1.35300
- Closing:** 1.35730

#### 2. **Technical Analysis
- Daily trend:** The GBP/USD pair showed a slight decline at the close compared to the open, indicating bearish pressure during the day. The fact that the day's low (1.35300) was significantly below the opening level suggests significant selling pressure, although some of these losses were recouped by the close.

- Key Levels:**
- Resistance:** 1.36190, which was the day's high. A breach of this level could signal a trend reversal.
- Support:** 1.35300, the day's low. A break below this level could indicate a continuation of the downtrend.

#### 3. **Impact of Economic News
- The news indicates that the dollar has remained stable, which may have kept GBP/USD under pressure, especially in the absence of bullish factors for the pound.

- Tariff Turbulence:** Concerns about tariffs and their potential impact on world trade may have contributed to uncertainty in the markets, increasing caution among investors.

- UK GDP contraction:** The contraction in UK GDP is negative news for sterling, putting further downward pressure on the GBP/USD pair. This reflects economic weakness that could weigh on the pound in the short term.

#### 4. **Short term forecast**.
- Bearish scenario:** If the economic news continues to be negative for the UK, and if support at 1.35300 is broken, the pair could test lower levels, with potential targets around 1.35000.

- Bullish scenario:** If market sentiment improves, for example with a positive resolution to trade tensions or better than expected UK economic data, the pair could rebound towards resistance at 1.36190.

- Factors to watch:**
- Further developments in international trade policy.
- UK economic indicators, including inflation and employment.
- Any change in the monetary policy of the Bank of England or the Federal Reserve.

In summary, the GBP/USD pair is currently under pressure due to negative economic factors for the UK, but future direction will largely depend on future economic and political developments. Traders should monitor key technical levels and economic news to adjust their strategies.