Forex analysis - 2025-06-05 (00:51)

Forex data GBP/USD
Date : 2025-06-05
Opening : 1.35475
Higher up: 1.35600
Below: 1.35456
Closing : 1.35510

Economic news :
Mixed Jobs Data From U.S. Sways Sentiment In World Markets
Kraken Partners with Ivy to Enable Instant Bank Payments for European Crypto Users
Dollar a touch lower in European morning trade

Detailed analysis:
To carry out a complete analysis of the GBP/USD pair on 5 June 2025, let's take into account the available market data as well as recent economic news.

### Market Data Analysis

- Opening:** 1.35475
- Highest:** 1.35600
- Lower:** 1.35456
- Closing:** 1.35510

The GBP/USD pair showed little volatility on the day, with a very narrow price range between the high and low. This indicates a relatively calm trading session, with no sharp movements.

### Current trend

The current trend in GBP/USD appears to be relatively stable, with no strong directional movements. The close is slightly higher than the open, which could indicate slight buying pressure, but the amplitude of the movements is too small to deduce a clear trend.

### Impact of Economic News

1. **Mixed Jobs Data From U.S.:** Mixed jobs data from the U.S. is likely to have influenced overall market sentiment, affecting the U.S. dollar. Mixed data may create uncertainty about the economic health of the US, which could weaken the dollar and support sterling slightly.

2. **Kraken Partners with Ivy:** Although this news mainly concerns the crypto-currency sector, it could have an indirect impact on the forex market by influencing the perception of risk and the attractiveness of European assets, including sterling.

3. **Dollar a Touch Lower in European Morning Trade:** This information indicates that the dollar was slightly lower during the European session, which may have contributed to the slight rise in the GBP/USD pair.

### Short-Term Forecasts

- Positive scenario:** If investors continue to perceive US economic data as uncertain, the dollar could weaken further, allowing GBP/USD to advance slightly. A breach of the 1.35600 resistance level could pave the way for further gains.

- Negative scenario:** In the event of positive news about the US economy or statements from the Federal Reserve suggesting monetary tightening, the dollar could strengthen, pushing GBP/USD lower. A key support to watch would be the 1.35456 level.

- Neutral scenario:** If markets remain indecisive and there is no major economic news, the pair could continue to trade in a narrow range around current levels.

In conclusion, the GBP/USD pair's movements in the near future will depend largely on developments in US economic data and investors' perceptions of monetary policy. Traders should keep a close eye on major economic announcements and statements from monetary policymakers to guide their decisions.