Forex data GBP/USD
Date : 2025-04-10
Opening : 1.28170
Higher up: 1.29958
Below: 1.28091
Closing : 1.29840

Economic news :
Markets Cautious Despite Cooling Inflation
US President Donald Trump Makes A Tariff U-Turn
GBP/USD, DAX React to Trump's Tariff U-Turn: Two Trades to Watch

Detailed analysis:
**Comprehensive analysis of the GBP/USD Forex market**.

**Date:** 2025-04-10

**Market data:**
- Open:** 1.28170
- Higher:** 1.29958
- Lower:** 1.28091
- Closing:** 1.29840

### Technical Analysis

1. **Current trend:**
- The GBP/USD pair showed a strong recovery during the session, opening at 1.28170 and closing at 1.29840, which represents a significant appreciation.
- The uptrend is supported by the fact that the close is close to the day's high (1.29958), indicating continued buying pressure.

2. **Key Levels:**
- Resistance:** The 1.29958 level could serve as immediate resistance. A break above this level could open the way to higher levels.
- Support:** Today's low at 1.28091 could serve as short-term support. A break below it could signal a potential return to the downside.

### Impact of Economic News

1. **Markets Cautious Despite Cooling Inflation:**
- Although inflation appears to be easing, uncertainty remains, which could limit the extent of upward movements. However, a lower inflation environment is generally positive for risk currencies such as GBP.

2. **US President Donald Trump Makes A Tariff U-Turn :**
- Trump's reversal on tariffs has probably contributed to the GBP's appreciation against the USD, by reducing trade tensions, which is generally positive for riskier assets.

3. **GBP/USD and DAX reaction:**
- The positive reaction of the GBP/USD to Trump's announcement suggests that investors are anticipating a favourable economic impact from the easing of trade tensions.

### Short-Term Forecasts

1. **Bullish scenario:**
- If the GBP/USD manages to break through resistance at 1.29958 in convincing fashion, this could pave the way for higher levels, potentially towards 1.3100, especially if economic news continues to support risk sentiment.

2. **Cashier script:**
- If the pair were to fall back below the 1.28091 support level, it could see increased selling pressure, leading to a move back towards 1.2700, especially if economic uncertainties increase or market sentiment deteriorates.

### Conclusion
The GBP/USD pair is currently showing positive momentum, helped by favourable economic developments. However, traders should remain cautious in the face of persistent uncertainty and monitor future developments that could influence the direction of the market.