Forex data GBP/USD
Date : 2025-04-04
Opening : 1.31000
Higher up: 1.31136
Below: 1.28576
Closing : 1.29029

Economic news :
Global FX Market Summary: US Tariffs, Nonfarm Payrolls (NFP), Currency Market Volatility 4 April 2025
Why the US Dollar Could Be Losing Its Safe-Haven Appeal
Markets Sink As Trump Unveils Higher-than-expected Tariffs

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

#### Date: 2025-04-04

**Opening:** 1.31000
**Higher:** 1.31136
**Lowest:** 1.28576
**Closing:** 1.29029

### Technical Analysis

#### Current Trend
The GBP/USD pair showed a downward trend during this session, moving from an opening price of 1.31000 to a close of 1.29029. The day's low of 1.28576 indicates significant selling pressure, despite a slight rebound towards the closing level.

#### Technical levels
- Immediate resistance:** 1.31136 (day's high)
- Immediate support:** 1.28576 (day's low)

A break below 1.29000 could signal a continuation of the downtrend, while a return above 1.31000 could suggest an upward correction.

### Fundamental Analysis

#### Impact of Economic News

1. **US Tariffs and Market Volatility:** Announcements of higher than expected tariff hikes by the Trump administration have created uncertainty in the markets, weakening the US dollar as a safe haven. This uncertainty tends to increase volatility on the currency markets.

2. **Nonfarm Payrolls (NFP):** US employment data, generally a key indicator of economic health, could have influenced the perception of the dollar. If the figures come in below expectations, this could add to the downward pressure on the dollar.

3. **Increasing concerns about US trade policy and its economic repercussions contributed to a negative perception of the dollar as a safe haven. This potentially favoured alternative currencies such as sterling, although the GBP/USD pair did eventually fall.

### Short-Term Forecasts

#### Possible scenarios

1. **Bearish scenario:** If trade tensions persist and US economic data continues to disappoint, the pair could fall below support at 1.28576, paving the way for lower levels.

2. **Bullish scenario:** A technical rebound could occur if the pair manages to hold above 1.29000 and break through resistance at 1.31136, especially if there are positive developments on the trade front or favourable economic data for the UK.

3. **Neutral scenario:** The pair could move in a narrow range between 1.28576 and 1.31136, pending clearer indications on economic and trade policies.

### Conclusion
The GBP/USD pair is currently under pressure due to the uncertainty surrounding US trade policies and the potential economic repercussions. Traders should monitor political developments as well as key economic data to anticipate future movements. Prudent risk management is essential in this volatile environment.