Forex analysis - 2025-06-04 (09:51)

Forex data GBP/USD
Date : 2025-06-04
Opening : 1.35128
Higher up: 1.35455
Below: 1.35008
Closing : 1.35420

Economic news :
Dollar Index Rebounds Amidst Legal Whiplash For Trade Tariffs
Mixed Sentiment In World Markets
Gold Price Surges on Trump Tariff Threat, Fed Rate Cut Speculation

Detailed analysis:
To carry out a complete analysis of the GBP/USD forex market on 4 June 2025, it is important to take into account price data as well as major economic news that may influence the market. Here is a detailed analysis:

### Technical Analysis

**1. Current Trend:**
- Open:** 1.35128
- Highest:** 1.35455
- Lowest:** 1.35008
- fence:** 1.35420

The GBP/USD pair showed a slight uptrend over the course of the day, with the movement from open to close moving in an upward direction. The fact that the close was close to the day's high indicates some buying pressure.

**2. technical indicators:**
- Moving averages:** If we are looking at a short-term moving average (for example, 10 days), it would be useful to check whether the closing price remains above this average, which could indicate a continuation of the uptrend.
- RSI (Relative Strength Index):** An RSI above 70 would suggest overbought conditions, while an RSI below 30 would indicate oversold conditions. Without this data, it is difficult to be precise, but the uptrend could push the RSI higher.

### Fundamental Analysis

**1 Impact of Economic News:**
- Dollar Index Rebounds Amidst Legal Whiplash For Trade Tariffs:** The rebound in the Dollar Index may put downward pressure on GBP/USD, as a rising dollar makes sterling relatively less attractive.
- Mixed Sentiment In World Markets:** Mixed sentiment in world markets can lead to increased volatility, influencing GBP/USD movements in unpredictable ways.
- Gold Price Surges on Trump Tariff Threat, Fed Rate Cut Speculation:** The rise in the price of gold could indicate increased risk aversion among investors. In addition, speculation that the Fed will cut interest rates could weaken the dollar in the medium term, providing potential support for the pound.

### Short-Term Forecasts

**1. Possible scenarios:**
- Bullish scenario:** If speculation about a Fed rate cut materialises or trade tensions intensify, the dollar could weaken, pushing GBP/USD higher. Investors could continue to buy the pound in a risk-averse environment, particularly if market sentiment remains mixed.
- Bearish scenario:** Conversely, if the Dollar Index continues to rebound strongly and trade tensions ease, the pair could come under downward pressure. Investors could turn to the dollar as a safe haven.

**2. Factors to Monitor:**
- Bank of England decisions:** Any indication of a change in monetary policy could influence the direction of the pair.
- Geopolitical events:** Any escalation or easing of trade or political tensions could have a significant impact.

In summary, the GBP/USD pair is influenced by a mixture of technical and fundamental factors. Investors should keep a close eye on monetary policy decisions, developments in trade tensions and technical indicators to guide their trading decisions.