Forex data GBP/USD
Date : 2025-07-04
Opening : 1.36511
Higher up: 1.36812
Below: 1.36345
Closing : 1.36380
Economic news :
Futures Slide On Latest Trump Tariff Salvo
GBP/USD Correction Deepens With Strong Jobs Data, BoE Uncertainty
Risk Assets Extend Gains but Low Volumes Could Skew Monday Open
Detailed analysis:
To carry out a complete analysis of the Forex market for the GBP/USD pair on a given date, we need to look at the various technical and fundamental aspects that influence this currency pair.
### Technical Analysis
1. **Current trend:**
- The GBP/USD pair opened at 1.36511 and closed at 1.36380, indicating a slight fall during the session. This indicates moderate downward pressure.
- The high and low levels (1.36812 and 1.36345 respectively) show moderate volatility, but the inability to sustain gains towards the closing level suggests weakness in demand for sterling against the US dollar.
2. **Technical indicators:**
- Support and resistance:** Immediate support could be found around the day's low at 1.36345, while immediate resistance is near the high at 1.36812.
- Moving averages:** If we had access to the short-term (e.g. 20-day) and long-term (e.g. 50-day) moving averages, we could check whether a bearish cross is forming, which could confirm a downtrend.
### Fundamental Analysis
1. **Impact of economic news:**
- Futures Slide On Latest Trump Tariff Salvo:** Trade tensions between the US and other countries may increase economic uncertainty, strengthening the dollar as a safe haven, which could contribute to downward pressure on GBP/USD.
- Strong UK jobs data would normally support the pound, but the uncertainty surrounding Bank of England (BoE) policy could limit this positive effect. If the BoE adopts a less accommodative stance, this could strengthen the pound in the future.
- Risk Assets Extend Gains but Low Volumes Could Skew Monday Open:** Gains from risk assets could boost the pound if investors are looking for higher returns, but low volumes could amplify price movements, making the market more volatile.
### Short-term forecasts
1. **Possible scenarios:**
- Bullish scenario:** If the BoE clarifies its policy with a more hawkish tone and trade tensions ease, the pound could rebound, retesting resistance at 1.36812 and potentially beyond.
- Bearish scenario:** If trade tensions intensify and the BoE remains ambiguous, GBP/USD could continue to fall, testing support at 1.36345 and potentially lower.
- Neutral scenario:** The markets could remain in consolidation if the economic news does not bring any significant new information, keeping the pair in a narrow range between the support and resistance levels identified.
In conclusion, the short-term performance of the GBP/USD will depend largely on economic and political developments, particularly those linked to the BoE's monetary policies and international trade tensions. Investors will need to keep a close eye on these factors to adjust their positions accordingly.
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