Forex data GBP/USD
Date : 2025-03-06
Opening : 1.28930
Higher up: 1.29002
Below: 1.28856
Closing : 1.28930

Economic news :
GBP/USD - Ready to Finish the Cchannel
Markets Choppy As Trade Policy, Jobs Data Weigh
AUD/USD, GBP/USD: Riding Fiscal Tailwinds as Risk Appetite Roars

Detailed analysis:
To provide a complete analysis of the GBP/USD forex market, it is important to look at technical data, economic fundamentals and the impact of recent news.

### Technical Analysis
1. **Data for the day:**
- Open:** 1.28930
- Higher:** 1.29002
- Lowest:** 1.28856
- Closing:** 1.28930

The GBP/USD pair showed relatively low volatility over the day, with little difference between highs and lows. Closing at the same level as the opening indicates a session without a clear trend, often represented by a 'Doji' candle in chart analysis, suggesting hesitation or indecision in the market.

2. **Current trend:**
- The pair appears to be in a short-term consolidation phase. Given the close at the same level as the open, this could indicate that the market is waiting for external catalysts to determine the next direction.

### Fundamental Analysis
1. **Impact of economic news:**
- Economic news headlines mention concerns over trade policies and employment data, which may have a significant impact on the GBP/USD pair. Uncertain trade policies may influence sterling due to the implications for the UK economy, while US employment data may affect the US dollar.

2. **Influence of recent news:**
- The mention of "Markets Choppy As Trade Policy, Jobs Data Weigh" suggests that the market is sensitive to these developments. Weak US jobs data could weaken the dollar, while stronger UK trade policies could support the pound.

### Short-Term Forecasts
1. **Possible scenarios:**
- Bullish scenario:** If future economic data or political announcements are favourable to sterling, we could see a break above immediate resistance around 1.2900, with potential targets at 1.2950.

- Bearish scenario:** In the event of a strengthening US dollar or unfavourable news for the UK, support at 1.2885 could be tested, with potential downside towards 1.2850.

2. **Factors to watch:**
- Investors should keep a close eye on new economic data, particularly US employment figures and any major political announcements from the UK.
- Monetary policy decisions by the Bank of England and the Federal Reserve could also play a crucial role in the pair's direction.

In conclusion, the GBP/USD pair currently appears to be waiting for new catalysts to break out of its consolidation phase. Traders must remain vigilant to economic and political developments that could influence the pair's future direction.