Forex analysis - 2025-06-02 (02:49)

Forex data GBP/USD
Date : 2025-06-02
Opening : 1.34537
Higher up: 1.35043
Below: 1.34500
Closing : 1.35030

Economic news :
Monday open levels, indicative FX prices, 02 June 2025
Trade 350 App: This Trade 350 App Sets New Standard in AI-Driven Trading with Unmatched Security and User Approval
Trade Jitters Keep Markets Volatile

Detailed analysis:
The Forex market analysis for GBP/USD to 2 June 2025 presents several interesting aspects to consider. Here is a full analysis based on the data provided.

### Technical Analysis

1. **Opening and closing prices:**
- Opening: 1.34537
- Closing: 1.35030

GBP/USD opened at 1.34537 and closed at 1.35030, indicating a slight appreciation in sterling against the US dollar on the day.

2. **Higher and lower:**
- Highest: 1.35043
- Lowest: 1.34500

The relatively narrow price range shows moderate volatility. The fact that the close is close to the day's high suggests buying pressure towards the end of the session.

### Fundamental Analysis

1. **Economic news:**
- The announcement of a new trading app, Trade 350 App, which emphasises AI and security, could influence investor perceptions of innovation and confidence in financial technology.
- The "trade jitters" mentioned, indicating persistent volatility on the markets, could be due to wider economic uncertainties, possibly linked to geopolitical events or imminent major economic publications.

2. **News impact:**
- Technological innovation in trading can boost investor confidence and increase market activity, which may have contributed to the rise in the GBP/USD pair.
- The aforementioned trade concerns could also fuel increased volatility, prompting traders to turn to safe-haven assets or adjust their Forex positions.

### Short-Term Forecasts

1. **Possible scenarios:**
- Bullish:** If confidence in the UK economy strengthens, supported by technological innovation and improving economic fundamentals, GBP/USD could continue to rise above 1.35030, potentially testing higher resistance.
- Bearish:** On the other hand, if economic uncertainty persists or if favourable US economic data is published, this could strengthen the dollar, pushing the GBP/USD pair back down towards the 1.34500 support level.
- Lateral:** In the absence of significant catalysts, the pair could move in a narrow range, consolidating around current levels.

### Conclusion

The GBP/USD pair is showing moderate upward momentum, supported by technological innovations and cautious market sentiment. Traders should monitor economic and political developments, as well as key economic data, to assess the pair's future movements. The support and resistance levels mentioned will provide crucial indications for short-term trading decisions.