Forex data GBP/USD
Date : 2025-05-30
Opening : 1.34876
Higher up: 1.35106
Below: 1.34476
Closing : 1.34510

Economic news :
Trade Jitters Keep Markets Volatile
FX option expiries for 30 May 10am New York cut
GBP/USD Faces Continued Downward Pressure as Inflation Lingers

Detailed analysis:
To carry out a complete analysis of the GBP/USD forex market on 30 May 2025, it is essential to consider the technical and fundamental factors influencing this currency pair.

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

- General trend:**
GBP/USD opened at 1.34876 and closed at 1.34510, indicating a slight downtrend on the day. The high for the day was 1.35106 and the low was 1.34476, showing moderate volatility but an inability to maintain higher levels.

- Key Levels:**
- Resistance:** The immediate resistance level is around 1.35106, the high reached during the day. A breach of this level could signal a short-term recovery.
- Support:** Support is close to 1.34476, the low for the day. A break below this level could put further pressure on the GBP.

### 2. **Impact of Economic News:**

- Trade Jitters:** Trade tensions mentioned in economic news can create uncertainty in the market, increasing volatility and weighing on sterling, especially if risk sentiment is high.

- FX Option Expiries:** FX options expiring on 30 May may have an impact on volatility and short-term price movements, depending on the strike levels and volume of expiring options.

- Persistent Inflation:** Continued pressure on the GBP due to persistent inflation in the UK could negatively influence the pair. High inflation without an appropriate policy response could further weaken sterling.

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

- Possible scenarios:**
- Bullish scenario:** If the GBP/USD manages to hold support at 1.34476 and break above resistance at 1.35106, we could see a technical recovery. Positive economic data or a reduction in trade tensions could reinforce this trend.
- Bearish scenario:** If the pair breaks support at 1.34476, this could signal a continuation of the downtrend. Persistent inflation and economic uncertainty would continue to weigh on the pound.
- Sideways scenario:** If no new significant events influence the market, the pair could move in a narrow range between the support and resistance levels identified.

### Conclusion :

The GBP/USD pair is currently under downward pressure, influenced by unfavourable economic factors and uncertainties linked to trade tensions. Traders should keep a close eye on economic developments and key technical levels to anticipate future movements. Particular attention to political decisions regarding inflation in the UK will be crucial in determining the pair's medium-term direction.