Forex data GBP/USD
Date : 2025-05-02
Opening : 1.32713
Higher up: 1.33306
Below: 1.32604
Closing : 1.32640

Economic news :
Markets React To Hints Of Trade Talks Between U.S. And China
Futures Rise Ahead Of Payrolls After China Hints At Trade Talks
Earnings Boost Market Sentiment

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

**1. Market context:**

The GBP/USD exchange rate opened at 1.32713, reached a high of 1.33306, a low of 1.32604 and closed at 1.32640. This session shows a slight fall from the opening level, indicating selling pressure.

**2. Current trend:**

The GBP/USD pair appears to be in a consolidation phase with a slight downtrend on this particular day. The small difference between the opening and closing levels, combined with the proximity of the day's lows, indicates that sellers have dominated the market.

**3. Impact of economic news:**

Major economic news concerning trade talks between the US and China is having a significant impact on market sentiment. Future indices show a rise ahead of US jobs reports, suggesting cautious optimism among investors. The trade talks may strengthen the US dollar as economic confidence improves, which could put downward pressure on GBP/USD.

**4. Technical factors:**

- Support and resistance:** Immediate support is around 1.32600, while resistance is near 1.33300. A break below support could reinforce the downtrend.
- Momentum indicators:** Indicators such as the RSI could be slightly oversold, which could signal a technical correction.

**5. Short-term forecasts:**

- Bullish scenario:** If the news on trade talks is perceived positively, and US employment data comes in below expectations, the GBP could strengthen, pushing the pair towards resistance at 1.33300.

- Bearish scenario:** If the trade talks materialise and the employment data are strong, the dollar could strengthen further, pushing the GBP/USD pair below the 1.32600 support level.

**6. Conclusion:**

Traders should keep a close eye on developments surrounding trade talks and US economic reports, as these will play a crucial role in the short-term direction of the GBP/USD pair. Investors may want to consider cautious positions due to the potential volatility induced by these events.