Forex analysis - 2025-06-05 (05:50)

Forex data GBP/USD
Date : 2025-06-05
Opening : 1.35475
Higher up: 1.35657
Below: 1.35402
Closing : 1.35440

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 Forex market for the GBP/USD pair on 5 June 2025, we need to take into account price data, current trends, relevant economic news and short-term forecasts. Here is a detailed analysis:

### Technical Analysis

- Opening:** 1.35475
- Higher:** 1.35657
- Lower:** 1.35402
- fence:** 1.35440

The GBP/USD pair showed a slight decline during the session of 5 June 2025, closing slightly lower than the open. Intraday movement was relatively limited, indicating limited volatility for the day. This consolidation could suggest a waiting period for investors, as they await clearer signals from the market.

### Current trend

The overall trend in GBP/USD appears to be neutral to slightly bearish, as the pair closed slightly lower than it opened. The narrow range between the day's highs and lows suggests hesitation in the market, probably influenced by external factors.

### Impact of Economic News

1. **Mixed Jobs Data From U.S.:** Mixed jobs data from the US may create uncertainty about the strength of the US economy. This has potentially weakened the dollar, offering slight support to sterling despite the lower close.

2. **Kraken Partners with Ivy:** Although this news mainly concerns the cryptocurrency sector, it could have indirect implications for the market's perception of digital assets and financial technology in Europe, indirectly influencing capital flows.

3. **Dollar a touch lower in European morning trade:** This news highlights a slight weakness in the dollar during the European morning trade, which could have temporarily supported sterling. However, the impact was probably limited by the global context and other economic factors.

### Short-Term Forecasts

- Bullish scenario:** If upcoming economic data from the US continues to show signs of weakness, we could see upward pressure on the GBP/USD pair, with the possibility of retesting resistance around 1.35657.

- Bearish scenario:** If US economic data improves or if political or economic uncertainties emerge in the UK, the pair could fall below support at 1.35402, bringing further downward pressure.

- Neutral scenario:** In the absence of any major catalysts, the pair could continue to trade in a narrow range, reflecting investors' expectations of further economic or political news.

### Conclusion

The GBP/USD pair is showing a slight downward trend with limited volatility for the day of 5 June 2025. Investors seem to be waiting for clearer signals, influenced by US economic data and other global developments. Short-term forecasts remain uncertain, with possible moves in both directions depending on how economic and political conditions evolve.