Forex data GBP/USD
Date : 2025-04-29
Opening : 1.34343
Higher up: 1.34436
Below: 1.34165
Closing : 1.34270

Economic news :
Futures Erase Losses As Markets Brace For Earnings Avalanche
Bright Scholar Announces Unaudited Financial Results for the Second Quarter of Fiscal Year 2025
Man Group PLC : Form 8.3 - Serica Energy plc

Detailed analysis:
To carry out a complete analysis of the GBP/USD pair on 29 April 2025, it is essential to combine technical analysis of market movements with an understanding of recent economic events that could influence the market.

### Technical Analysis

1. **Current trend:**
- Opening:** 1.34343
- fence:** 1.34270
- Range:** The high for the day was 1.34436 and the low was 1.34165.
- Observation:** The GBP/USD pair fell slightly from the open to the close, indicating moderate selling pressure. The relatively narrow range for the day shows a market without high volatility.

2. **Technical levels:**
- Resistance:** The 1.34436 level (day's high) could serve as short-term resistance.
- Support:** The 1.34165 level (today's low) could act as immediate support.

### Impact of Economic News

1. **Futures Erase Losses As Markets Brace For Earnings Avalanche:**
- This information suggests a stabilisation of the markets after previous losses, which could indicate a more positive or cautious overall market sentiment, likely to influence demand for GBP or USD assets.

2. **Bright Scholar Announces Unaudited Financial Results for the Second Quarter of Fiscal Year 2025:**
- Although this news mainly concerns a specific company, the general tone of the financial results can influence market sentiment, especially if the results are better or worse than expected.

3. **Man Group PLC : Form 8.3 - Serica Energy plc :**
- This type of regulatory filing can influence specific stocks or sectors, but its direct impact on Forex is generally limited unless there is a wider macroeconomic connection.

### Short-Term Forecasts

1. **Possible scenarios:**
- Bullish scenario:** If overall market sentiment improves and economic news is positive, the pair could test resistance at 1.34436 and potentially move above it.
- Bearish scenario:** If unfavourable economic data emerges or if market sentiment deteriorates, the pair could break support at 1.34165 and move lower.
- Sideways scenario:** In the absence of strong catalysts, the pair could continue to trade in a narrow range around the levels seen today.

### Conclusion

The analysis shows that the GBP/USD pair is currently in a phase of low volatility with slight downward pressure. Economic news has not shown any immediate strong catalysts, but monitoring economic developments and future announcements is crucial for predicting short-term movements. Traders should monitor identified support and resistance levels while keeping an eye on major economic news and market sentiment indicators.