Forex data GBP/USD
Date : 2025-06-26
Opening : 1.36560
Higher up: 1.36954
Below: 1.36556
Closing : 1.36910

Economic news :
GBP/USD Bearish Continuation in Play as ATR and Fibo Align Lower
US Futures Rise Amid FOMO Panic With S&P Set For New All Time High
What's next as the British pound hits its highest in more than three years?

Detailed analysis:
The Forex market analysis for the GBP/USD pair on 26 June 2025 presents several interesting aspects to consider. Here is a full analysis based on the information provided:

### Current trend

GBP/USD opened at 1.36560 and closed at 1.36910, showing a bullish movement for the day. The high for the day was 1.36954, indicating slight resistance around this level. Despite the news pointing towards further bearishness, the close near the high suggests persistent upward pressure.

### Impact of Economic News

1. **GBP/USD Bearish Continuation** : News indicating a bearish continuation due to the alignment of the ATR (Average True Range) and Fibonacci levels suggests increased volatility and potentially a downward correction. However, this was not reflected in the day's close, which remained bullish.

2. **US Futures Rise** : Rising US futures and new highs for the S&P 500 indicate an appetite for risk among investors. This could lead to an influx of capital into riskier assets, which could offset the downward pressure on GBP/USD, especially if the US dollar weakens as a result of these moves.

3. **Sterling strength**: The fact that the pound has reached its highest level for over three years shows underlying resilience, perhaps underpinned by strong UK economic fundamentals or more hawkish monetary policy expectations from the Bank of England.

### Short-Term Forecasts

1. **Bullish scenario**: If the buying pressure continues, the GBP/USD could test and potentially break through the immediate resistance level around 1.3700. A close above this level could pave the way for further gains, particularly if UK economic data continues to surprise positively or if the US dollar weakens.

2. **Bearish Scenario**: If the pair fails to hold above 1.36954 and bearish pressure intensifies, perhaps due to earnings releases or further dollar-friendly economic data, GBP/USD could retest support near the open at 1.36560. A break below this level could signal a deeper correction towards the Fibonacci levels mentioned in the analysis. A break below this level could signal a deeper correction towards the Fibonacci levels mentioned in the analyses.

3. **Factors to Watch**: Investors should watch for key economic announcements, such as inflation data or central bank interest rate decisions, which could influence the direction of the pair. Movements in the US market, particularly equity indices, could also have a significant impact.

To sum up, although the news suggests a possible continuation of the downtrend, the intraday movements and the close indicate a resilient uptrend. The next few sessions will be crucial in determining whether this trend is confirmed or whether a correction is underway.