Forex analysis - 2025-07-03 (18:55)

Forex data GBP/USD
Date : 2025-07-03
Opening : 1.36467
Higher up: 1.36757
Below: 1.35852
Closing : 1.36460

Economic news :
Markets Digest The Strong Jobs Data From U.S.
Futures Coiled At Record High Ahead Of Closely Watched Jobs Report
ForexLive European FX news wrap: Dollar steady awaiting US jobs report

Detailed analysis:
For a complete analysis of the GBP/USD forex market on 3 July 2025, let's look at the key elements:

### Current trend
GBP/USD opened at 1.36467, with a high of 1.36757 and a low of 1.35852, before closing slightly below its opening level at 1.36460. This small variation indicates a relatively stable trading day, suggesting a degree of indecision in the market. The pair appears to be oscillating in a narrow range, which could indicate consolidation after previous moves.

### Impact of economic news
The major economic news items mention US employment data. The markets are digesting the information on the US labour market, which could have a significant impact on the US dollar. If the employment data is strong, it could strengthen the dollar, putting downward pressure on GBP/USD. However, the expectation of this data seems to be keeping the dollar relatively stable for the time being.

On the other hand, the fact that futures are near record highs ahead of the jobs report shows some positive investor anticipation about the US economy. Forex traders will be keeping a close eye on this data, as it could influence the US Federal Reserve's decision on monetary policy, thus affecting the dollar.

### Short-term forecasts
There are several possible scenarios for future sessions:

1. **Bullish scenario**: If employment data disappoints or if other economic or political factors strengthen sterling, we could see GBP/USD attempt to break through the resistance level around 1.36757 again. A break above this level could pave the way for further gains.

2. **Bearish scenario**: If the employment data are better than expected, strengthening the dollar, the pair could test support near 1.35852. A break below this level could signal a continuation of the downtrend in the short term.

3. **Neutral scenario**: If data is in line with expectations and no other major factors emerge, the pair could continue to trade in a narrow range, oscillating between the support and resistance levels mentioned.

### Conclusion
Traders should keep a close eye on upcoming economic data and statements from the Federal Reserve, as these are likely to have a significant impact on the future direction of GBP/USD. The key technical levels identified (support at 1.35852 and resistance at 1.36757) should also be monitored for signs of a potential break in either direction.