Forex analysis - 2025-07-11 (04:00)

Forex data GBP/USD
Date : 2025-07-11
Opening : 1.35670
Higher up: 1.35850
Below: 1.34790
Closing : 1.34990

Economic news :
U.S. Dollar Strengthens Amid Trade Tariff Speculations
ForexLive European FX news wrap: Dollar steady, equities down awaiting trade developments
Tariff Turbulence Haunts Markets

Detailed analysis:
The Forex market analysis for GBP/USD to 11 July 2025 presents several key elements to consider. Here is a detailed analysis based on the data provided:

### Technical Analysis

1. **Current trend:**
- GBP/USD opened at 1.35670 and closed at 1.34990, indicating a decline for the day.
- The high for the day was 1.35850 while the low was 1.34790, showing moderate volatility.
- The close near the day's low suggests continued selling pressure.

2. **Important Technical Levels:**
- Resistance:** The 1.35850 level could serve as immediate resistance. If prices rise, this level could be a turning point to watch.
- Support:** The 1.34790 level, being the day's low, could provide short-term support. A break below it could signal a continuation of the downtrend.

### Fundamental Analysis

1. **Impact of Economic News:**
- Speculation about trade tariffs strengthened the US dollar, putting downward pressure on GBP/USD.
- With markets concerned about trade tensions, this has led to risk aversion, favouring safe-haven assets such as the dollar.
- Investors seem to be waiting for concrete developments on trade policy, which is keeping a degree of uncertainty in the markets.

2. **Market sentiment:**
- Overall sentiment is cautious, with the dollar strengthening on the back of global economic uncertainty.
- With European markets falling, this could also have a negative impact on sterling, increasing pressure on the GBP/USD pair.

### Short-Term Forecasts

1. **Possible scenarios:**
- Bullish scenario:** If positive news emerges regarding trade negotiations or if sterling receives fundamental support, the pair could retest resistance at 1.35850.
- Bearish scenario:** If trade tensions intensify or if US economic data remains strong, the dollar could continue to strengthen, pushing the pair below support at 1.34790.

2. **Factors to watch:**
- Developments in discussions on trade tariffs between the United States and its partners.
- Key US and UK economic data, such as inflation, employment and economic growth.
- Technical indicators such as moving averages and relative strength indices to detect possible trend reversals.

To sum up, the GBP/USD pair is currently under pressure due to the strength of the dollar linked to speculation over trade tariffs. In the short term, the pair could continue to be influenced by geopolitical and economic developments. Traders should keep an eye on the news and use technical tools to navigate through this volatile period.