Forex analysis - 2025-06-13 (04:49)

Forex data GBP/USD
Date : 2025-06-13
Opening : 1.36148
Higher up: 1.36322
Below: 1.35163
Closing : 1.35700

Economic news :
Global FX Market Summary: Israel strikes Iran's nuclear facility, Gold, Fed, Currency Volatility, 13 June 2025
Cautious Sentiment In World Markets
GBP/USD: Bulls Lose Momentum After UK GDP Contracts

Detailed analysis:
To analyse the Forex market for the GBP/USD pair on 13 June 2025, we need to consider several key elements: price movements, economic news and short-term forecasts.

### Analysis of Price Movements

- Aperture**: 1.36148
- Highest**: 1.36322
- Lowest**: 1.35163
- Closing**: 1.35700

The GBP/USD opened at 1.36148 and closed at 1.35700, indicating a decline for the day. The high at 1.36322 and the low at 1.35163 show moderate volatility.

### Impact of Economic News

1. **Geopolitical context** : Israel's attack on an Iranian nuclear facility is likely to have created a climate of uncertainty in global markets. Historically, such events increase volatility and can lead to risk aversion, which often favours safe-haven assets such as gold and the US dollar.

2. **Market Sentiment**: The cautious global market sentiment mentioned in the news may have weighed on sterling, contributing to bulls losing momentum on GBP/USD.

3. **UK GDP contraction** : A contraction in UK GDP is a negative factor for sterling. This indicates economic weakness which may deter investors and weigh on the currency.

### Technical Analysis

- Current Trend** : The trend looks bearish in the short term, given the lower close from the open. The inability to sustain gains above the opening level suggests a lack of support for continued upside.

### Short-Term Forecasts

1. **Bearish scenario**: If the downward pressure persists, the pair could retest the support around the low of 1.35163. A break below this level could lead to a further decline.

2. **Bullish scenario**: If the geopolitical climate improves or if new positive economic data emerges for the UK, the pair could regain support and move towards the resistance level near the high of 1.36322.

3. **Factors to Watch** : Fed decisions, geopolitical developments, and UK economic news will be crucial in determining the future direction of GBP/USD.

In short, geopolitical uncertainties and economic weakness in the UK are currently weighing on sterling, creating a downtrend for the GBP/USD pair. Investors will need to keep a close eye on geopolitical and economic developments to adjust their positions.