Forex analysis - 2025-06-13 (00:58)

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

Economic news :
GBP/USD Weekly Forecast: Dovish Fed, US-China Trade Deal
Global FX Market Summary: Israel strikes Iran's nuclear facility, Gold, Fed, Currency Volatility, 13 June 2025
Cautious Sentiment In World Markets

Detailed analysis:
Forex market analysis for the GBP/USD pair to 13 June 2025 presents several key elements to consider, including price movements, current trends and the impact of recent economic news. Here is a detailed analysis:

### Technical Analysis

1. **Price movements:**
- Opening:** 1.36148
- Highest:** 1.36322
- Lowest:** 1.35163
- Closing:** 1.35700

The GBP/USD showed some volatility over the course of the day, with a significant range of movement (around 116 pips between the high and low), but closing lower than at the open. This indicates downward pressure despite attempts to recover.

2. **Current trend:**
- The short-term trend appears to be downwards, as indicated by the close below the opening level. The pair tested lower levels during the day, which could signal continued selling pressure unless technical support is found.

### Impact of Economic News

1. **Dovish Fed :**
- Indications of accommodative monetary policy from the US Federal Reserve may weigh on the dollar, which could limit losses for GBP/USD despite the downward pressure.

2. **USA-China Trade Agreement:**
- A positive trade deal between the US and China could boost risk sentiment in the markets, which could benefit risky assets such as sterling, but this will depend on the market's perception of the overall economic impact.

3. **Middle East conflict:**
- Geopolitical tensions, in particular the Israeli attack on Iran's nuclear facilities, may increase volatility on the currency markets, pushing investors towards safe havens such as the US dollar, which could put further pressure on the pound.

### Short-Term Forecasts

1. **Possible scenarios:**
- Bullish scenario:** If risk sentiment improves thanks to positive news on the US-China trade deal or an easing of geopolitical tensions, the pair could find support and retest the resistance levels around 1.36322.
- Bearish scenario:** If geopolitical tensions persist and the Fed remains accommodative, pressure on the dollar could be limited, and the GBP/USD could continue to fall towards lower support levels, potentially below 1.3500.

2. **Indicators to Monitor:**
- Investors should keep an eye on Fed statements, developments in the Middle East conflict and any significant progress in international trade agreements to gauge future GBP/USD movements.

To sum up, the GBP/USD pair is currently being influenced by a combination of technical and fundamental factors. Traders will need to keep a close eye on economic and geopolitical developments to navigate through this period of increased volatility.