Forex analysis - 2025-07-04 (14:57)

Forex data GBP/USD
Date : 2025-07-04
Opening : 1.36511
Higher up: 1.36812
Below: 1.36345
Closing : 1.36480

Economic news :
GBP/USD Correction Deepens With Strong Jobs Data, BoE Uncertainty
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Detailed analysis:
**Comprehensive analysis of the GBP/USD Forex market**.

**Date:** 2025-07-04
**Opening:** 1.36511
**Higher:** 1.36812
**Lowest:** 1.36345
**fence:** 1.36480

### Current Trend and Impact on the GBP/USD Pair

The GBP/USD pair is showing a slight downward trend, as indicated by the close below the opening price for the day. Although the day's high reached 1.36812, the pair failed to hold these levels, suggesting selling pressure at higher levels. The variation between the day's high and low indicates moderate volatility, typical of days when markets react to significant economic news.

### Impact of Economic News

1. **Strong employment data:** Recent UK employment data show an improvement, which could strengthen sterling. However, despite this good news, the uncertainty surrounding the Bank of England's (BoE) monetary policy seems to be weighing on the pound's ability to strengthen significantly. Traders may be waiting for more clarity from the BoE on future interest rate rises.

2. **Low volumes:** Gains on risk assets combined with low trading volumes may indicate a cautious market. Low volumes can lead to exaggerated price movements, which could explain the pair's difficulty in maintaining gains above 1.36812.

### Short-Term Forecasts

- Bullish scenario:** If economic data continues to show improvement and the BoE adopts a more aggressive stance on monetary policy, the pound could regain strength. A break above resistance at 1.36812 could pave the way for higher levels, potentially towards 1.3700.

- Bearish scenario:** Conversely, if uncertainty persists and investors continue to favour the US dollar, given the outlook for US interest rates, the pair could retest support at 1.36345. A break below this level could take the pair towards 1.3600.

- Factors to watch:** Investors should continue to monitor BoE statements, US economic developments and any major new macroeconomic data that could influence market sentiment.

In summary, the GBP/USD pair is currently being influenced by conflicting economic factors, and the next few sessions could see increased volatility as we await more clarity on monetary policy and economic performance on both sides of the Atlantic.