Forex data GBP/USD
Date : 2025-04-21
Opening : 1.32841
Higher up: 1.34218
Below: 1.32765
Closing : 1.34070

Economic news :
Kraken Expands into Forex Market with FX Perpetual Futures
US Crypto Exchange Kraken Expands to Stocks, ETFs and FX Perpetual Futures
Kraken Pro Rolls Out Forex Perpetual Futures

Detailed analysis:
The analysis of the GBP/USD Forex market on 21 April 2025 presents some interesting elements to consider, particularly in relation to the recent economic news concerning Kraken's expansion in the Forex market.

### Technical Analysis

1. **Current trend:**
- Opening at 1.32841** and closing at 1.34070** indicate an appreciation of sterling against the US dollar on this trading day.
- High at 1.34218** and low at 1.32765** show moderate volatility, with a clear uptrend throughout the day.
- Price movements suggest buying pressure, potentially fuelled by external factors and economic news.

2. **Technical indicators:**
- Moving Averages (MA):** If we look at the short-term moving averages (such as the 20-day MA) and the long-term moving averages (such as the 50-day MA), a bullish cross could confirm the uptrend.
- RSI (Relative Strength Index):** An RSI above 70 could indicate an overbought situation, while an RSI around 50-60 would confirm a healthy uptrend.

### Impact of Economic News

- Kraken's entry into the Forex market, with products such as perpetual futures, may have a significant impact on the liquidity and volatility of currency pairs, including the GBP/USD.
- Diversification of Offerings:** The expansion of Kraken's offering into equities, ETFs and futures may attract a new client base and increase interest in currency trading, which could increase volatility and volumes traded in the market.

### Short-Term Forecasts

1. **Bullish scenario:**
- If interest and confidence in Kraken's Forex products increases, this could support continued buying pressure on the GBP/USD, potentially pushing the pair above the immediate resistance level of 1.34218.
- A continuation of the uptrend could target levels such as 1.3450 or 1.3500, especially if British economic data are favourable.

2. **Cashier script:**
- If economic news proves disappointing or if external pressures such as geopolitical tensions increase, GBP/USD could see a correction towards support around 1.32841.
- A break below this level could lead to a fall towards 1.3250, or even 1.3200, if market sentiment turns negative.

### Conclusion

The expansion of Kraken in the Forex market is a notable development that could influence the GBP/USD dynamic in the short term. Traders should keep a close eye on technical indicators and economic news to adjust their strategies accordingly. The key support and resistance levels mentioned above will be crucial in determining the future movements of this currency pair.