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

Economic news :
GBP/USD Weekly Forecast: Diverging Fed-BoE Weighs on Pound
Futures Rise Ahead Of Record $5.9 Trillion Triple-Witching OpEx
ForexLive European FX news wrap: Markets quiet, tentative as the weekend draws closer

Detailed analysis:
### Complete Forex Market Analysis - GBP/USD

#### Date: 2025-06-20

#### Market Data :
- Opening:** 1.34602
- Higher:** 1.35111
- Lowest:** 1.34405
- Closing:** 1.34450

### Technical Analysis :

1. **Current trend:**
- The GBP/USD pair fell slightly during the session on 20 June, closing below its opening price. The fact that the price closed close to its low for the day suggests bearish pressure.
- Immediate resistance is seen near the 1.35111 level, while support is located around 1.34405.

2. **Technical indicators:**
- Moving averages:** If we look at short-term moving averages (for example, 10 days), it would be relevant to check whether the current price is below this average, indicating a short-term downtrend.
- RSI (Relative Strength Index):** An RSI below 30 would indicate an oversold condition, while an RSI above 70 would indicate an overbought condition. The current position could provide clues as to whether the trend will continue.

### Impact of Economic News :

1. **Fed-BoE divergence:**
- The divergence between the monetary policies of the Fed and the Bank of England (BoE) plays a crucial role. If the Fed is seen to be more aggressive in its monetary tightening policy than the BoE, this could weigh on sterling, putting downward pressure on the GBP/USD.

2. **Triple-Witching OpEx :**
- The Triple Witching phenomenon can cause increased volatility in the financial markets, indirectly affecting Forex. The high volume and sudden movements during these periods can lead to unexpected fluctuations.

3. **Calm before the weekend:**
- The mention of a calm market at the end of the week may suggest a reduction in short-term volatility, but it may also mean that traders are waiting for important triggers for the following week.

### Short Term Forecast :

1. **Bullish scenario:**
- If the market perceives an improvement in the British economic outlook or if the BoE decides to tighten monetary policy unexpectedly, the pair could rebound above resistance at 1.35111.

2. **Cashier script:**
- Further downward pressure is likely if the Fed continues to be more aggressive than the BoE, and if disappointing UK economic data is published. In that case, support at 1.34405 could be tested or even broken.

3. **Factors to watch:**
- Upcoming speeches by Fed and BoE officials, as well as the release of key economic data such as inflation, unemployment and GDP growth, could influence market perception and the direction of GBP/USD.

To sum up, the GBP/USD pair is currently under downward pressure, influenced by the divergence in monetary policies between the Fed and the BoE. Traders should keep a close eye on economic data and central bank announcements to anticipate future movements.