Forex analysis - 2025-07-02 (17:51)

Forex data GBP/USD
Date : 2025-07-02
Opening : 1.37450
Higher up: 1.37525
Below: 1.35622
Closing : 1.36260

Economic news :
ATFX Releases Q3 2025 Trader Magazine: Your Essential Guide to Global Markets in Uncertain Times
ForexLive European FX news wrap: Dollar finds a floor as markets eye US jobs data
GBP/USD Maintains Uptrend as US Dollar Confidence Shrinks and UK Outlook Holds

Detailed analysis:
To analyse the GBP/USD forex market on 2 July 2025, we need to consider a number of aspects, including price movements, economic news and future forecasts. Here is a full analysis of the situation:

### Technical Analysis :

1. **Price movements:**
- Opening:** 1.37450
- Highest:** 1.37525
- Lowest:** 1.35622
- fence:** 1.36260

GBP/USD fell sharply during the session, opening at 1.37450 and closing at 1.36260. The day's low of 1.35622 indicates significant selling pressure, although the pair managed to recover slightly before the close.

2. **Current trend:**
- The pair appears to be under bearish pressure, although analysis of previous trends suggests that this could be a correction within a broader uptrend, as suggested by the reference to the pair "maintaining an uptrend".

### Impact of Economic News :

1. **ATFX Releases Q3 2025 Trader Magazine:**
- While this is a useful resource for traders, it is unlikely to have an immediate and direct impact on GBP/USD movements.

2. **ForexLive European FX news wrap :**
- The fact that the dollar is bottoming as markets await US employment data suggests that investors are cautious and may be repositioning in anticipation of this crucial data. This may explain some of the pressure on GBP/USD.

3. **GBP/USD Maintains Uptrend:**
- This statement indicates that despite the current downturn, with confidence in the dollar waning and the UK outlook remaining stable, there is underlying support for the GBP/USD pair that could limit losses in the medium term.

### Short Term Forecast :

1. **Bullish scenario:**
- If the forthcoming US economic data is disappointing, this could weaken the dollar and prompt a recovery in GBP/USD towards the opening levels or recent highs, continuing the overall uptrend.

2. **Bearish scenario:**
- On the other hand, if the data show a significant improvement in the US labour market, this could strengthen the dollar and push the GBP/USD pair below its current support, potentially testing new lows.

3. **Factors to watch:**
- Traders should be on the lookout for major economic announcements, such as US employment data, and political or economic developments in the UK, which could influence the pair.

In conclusion, although the GBP/USD pair showed weakness during this session, the medium-term outlook remains influenced by key economic factors on both sides of the Atlantic. Traders must remain vigilant to economic news and technical signals to navigate this uncertain market.