Forex data GBP/USD
Date : 2025-06-17
Opening : 1.35717
Higher up: 1.35794
Below: 1.35569
Closing : 1.35620

Economic news :
Futures Surge As Dip-Buyers Ignore Escalating Middle-East War
Central banks' decisions loom amidst global uncertainty, Octa Broker offers its view
ForexLive European FX news wrap: Markets look to move on from Iran, Israel tensions

Detailed analysis:
Forex market analysis for the GBP/USD pair on 17 June 2025 shows a complex context influenced by geopolitical and economic factors. Here is a detailed analysis based on the data provided:

### Technical Analysis
- Opening and Closing: The pair opened at 1.35717 and closed at 1.35620, indicating a slight depreciation over the course of the day.
- Range of the Day** : The high at 1.35794 and the low at 1.35569 show moderate volatility, typical in a context of heightened uncertainty.
- Trend** : The slight fall in the close compared with the open suggests downward pressure, albeit limited. Investors seem cautious, probably because of the geopolitical news.

### Impact of Economic News
- Middle East conflict**: Tensions between Iran and Israel are likely to have led to a heightened sense of risk, prompting traders to adopt a cautious attitude towards sterling, which is perceived as riskier than the US dollar, which is often seen as a safe haven.
- Central Bank decisions**: Uncertainty surrounding central bank decisions could influence interest rate expectations, thus affecting GBP/USD volatility. Traders could be waiting for clues on future monetary policy.
- European Market Reaction** : The markets seem to want to turn the page on geopolitical tensions, but the impact could persist if the situation worsens.

### Short-Term Forecasts
- Optimistic scenario**: If geopolitical tensions ease and central banks give clear indications of economic stability, the pound could regain ground against the dollar, retesting resistance levels around 1.35800.
- Pessimistic scenario**: If tensions intensify or if signals of uncertainty come from central banks, the pair could break support at 1.35500, paving the way for further declines.
- Trading Strategy**: Traders could consider short-term short positions in the event of bearish signals, while keeping a close eye on news and central bank statements to adjust their strategies.

In conclusion, the GBP/USD pair is currently being influenced by major external factors, and traders need to keep a close eye on geopolitical and economic developments to navigate this uncertain market.