Forex analysis - 2025-04-22 (06:49)

Forex data GBP/USD
Date : 2025-04-22
Opening : 1.33758
Higher up: 1.34236
Below: 1.33614
Closing : 1.34180

Economic news :
ForexLive Asia-Pacific FX news wrap: Gold trades above US$3450
Dollar Falls Further As Markets Fret About Growth, Fed's Freedom
Markets Turbulent Amidst Focus On Fed, Tariffs

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

#### 1. **Technical analysis:**

- GBP/USD opened at 1.33758 and closed at 1.34180, showing appreciation on the day. This indicates bullish sentiment among traders during this period.

- Trading Range:** With a high of 1.34236 and a low of 1.33614, the pair showed moderate volatility. The closeness of the close to the daily high suggests that buyers dominated towards the end of the session.

#### 2. **Fundamental analysis:**

- Economic News:**
- ForexLive Asia-Pacific FX news wrap:** Gold trading above 3450$ could indicate a flight to safety, usually due to economic or geopolitical uncertainty. This can indirectly influence the GBP/USD pair, as a weaker dollar makes other currencies such as sterling more attractive.
- Dollar Falls Further:** Concerns about economic growth and the Fed's freedom to manoeuvre may weigh on the US dollar, contributing to the rise in GBP/USD.
- Markets Turbulent Amidst Focus On Fed, Tariffs:** Trade tensions and Fed policy uncertainties may create increased volatility, which could also support sterling against a weakening dollar.

#### 3. **Current trend:**

- Impact on GBP/USD:** The current trend appears to be bullish for GBP/USD, supported by a weakening US dollar. Fundamental factors, such as concerns about economic growth and the Fed's monetary policy, are playing a crucial role in this dynamic.

#### 4. **Short-term forecast:**

- Possible scenarios:**
- Bullish scenario:** If concerns about the dollar persist and UK economic conditions remain stable or improve, the pair could continue to rise, potentially testing resistance levels above 1.3450.
- Bearish scenario:** In the event of positive news for the dollar or disappointing economic data in the UK, the pair could encounter resistance and retreat towards support levels around 1.3350.
- Neutral scenario:** A stabilisation of the markets and an absence of major news could keep the pair in a narrow range around its current close.

### Conclusion

The GBP/USD pair is showing a short-term uptrend, mainly due to a weakening US dollar linked to economic and political concerns. Traders should keep a close eye on economic news and Fed statements, as these could significantly influence the pair's future direction.