Forex data GBP/USD
Date : 2025-06-20
Opening : 1.34602
Higher up: 1.35111
Below: 1.34405
Closing : 1.34450

Economic news :
Futures Rise Ahead Of Record $5.9 Trillion Triple-Witching OpEx
ForexLive European FX news wrap: Markets quiet, tentative as the weekend draws closer
Futures Tumble, Oil Soars On Mounting Fears US Will Strike Iran

Detailed analysis:
To analyse the Forex market for the GBP/USD pair on 20 June 2025, we need to look at price movements, economic events and current trends.

### Technical Analysis :

1. **Price movements:**
- Opening:** 1.34602
- Higher:** 1.35111
- Lowest:** 1.34405
- Closing:** 1.34450

GBP/USD opened at 1.34602 and closed slightly lower at 1.34450. The high reached was 1.35111 and the low 1.34405. This indicates a relatively stable but bearish trading day, with low intraday volatility.

2. **Current trend:**
- Closing below the opening price suggests bearish pressure on the pair. However, the fact that the day's low is not significantly below the open shows a degree of resilience in sterling.

### Fundamental Analysis :

1. **Impact of Economic News:**
- Futures Rise Ahead Of Record $5.9 Trillion Triple-Witching OpEx:** This event indicates increased market volatility due to the simultaneous expiry of equity options, equity index futures and equity index options. This could have an indirect effect on Forex, increasing uncertainty and caution among investors.

- Markets Quiet, Tentative as the Weekend Draws Closer:** The markets are cautious, which could limit any significant moves in GBP/USD in the short term.

- Future Tumble, Oil Soars On Mounting Fears US Will Strike Iran:** A rise in oil prices could strengthen the US dollar because of the correlation between oil and the dollar (oil prices are denominated in dollars). In addition, geopolitical tensions are increasing uncertainty, which could also strengthen the dollar as a safe-haven asset.

### Short Term Forecast :

1. **Possible scenarios:**
- Bullish scenario:** If geopolitical tensions ease and sterling receives positive fundamental support (e.g. strong UK economic data), we could see the pair retest the resistance levels around 1.35111.

- Bearish scenario:** If tensions between the United States and Iran intensify, leading to a continued rise in oil prices and increased risk aversion, the dollar could strengthen further, pushing the GBP/USD pair towards support at 1.34405 or even lower.

2. **Conclusion:**
- Caution seems to be the watchword on the markets, and investors may be waiting for more clarity on geopolitical tensions and the impact of contract expiry on the markets. Movements in GBP/USD could remain limited in the short term, barring any major developments.