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Fundamental Market Analysis for June 6, 2025 GBPUSDThe GBP/USD pair is trading near 1.3570 with little movement ahead of the US (US) labor market data. The US Dollar Index (DXY), which measures the value of the US Dollar against six major currencies, is trading above around 98.80 at the time of writing. The upcoming US non-farm payrolls data for May is expected to add 130,000 jobs, down from April's 177,000. The unemployment rate is also expected to remain unchanged at 4.2%. Weekly initial jobless claims rose to 247,000, above the 235,000 expected, U.S. Labor Department data showed. ADP US private sector employment data released on Thursday showed a 37,000 increase in May versus a 60,000 increase (revised from 62,000) recorded in April, well below market expectations of 115,000. GBP/USD is gaining support as the Pound Sterling (GBP) finds support amid rising risk sentiment in the United Kingdom (UK) markets following US President Donald Trump's executive order signed on Tuesday. British exporters still face the previous 25 percent tariff rate as Trump granted the UK temporary relief from the US' stiff 50 percent tariffs on steel and aluminum. Trading recommendation: SELL 1.3500, SL 1.3600, TP 1.3300
Short
by Fresh-Forexcast2004
Fundamental Market Analysis for June 3, 2025 GBPUSDThe GBP/USD pair attracted sellers during Tuesday's Asian session and broke part of a strong overnight move up towards the 1.3560 area, or multi-day peak. The U.S. Dollar Index (DXY), which tracks the dollar against a basket of currencies, rebounded from a six-week low reached on Monday and proved to be a key factor putting downward pressure on the GBP/USD pair. In addition, concerns over the deteriorating US fiscal situation and renewed trade tensions between the US and China should help limit USD gains. The British Pound (GBP), on the other hand, may continue to receive support from expectations that the Bank of England (BoE) will take a pause at its next meeting on June 18 and will not rush to cut interest rates further. Traders may also prefer to wait for the hearing of the Bank of England's monetary policy report in Parliament. Investors will be closely watching comments from Bank of England Governor Andrew Bailey and other members of the Monetary Policy Committee (MPC) for information on the policy outlook, which in turn will influence the GBP exchange rate. Trading recommendation: SELL 1.3495, SL 1.3595, TP 1.3295
Short
by Fresh-Forexcast2004
GBPUSDHello Traders! 👋 What are your thoughts on GBPUSD? GBP/USD has reached a key resistance zone and is currently trading below it. A bearish divergence has also formed, signaling potential weakness in bullish momentum. Given the confluence of resistance and negative divergence, we expect the price to struggle breaking above this level and likely decline toward the specified support zones. Unless price breaks above the resistance decisively, the bias remains bearish in the short term. Don’t forget to like and share your thoughts in the comments! ❤️
Short
by HAMED_AZ
7
GBPUSD BULLISH OR BEARISH DETAILED ANALYSISGBPUSD has played out exactly as forecasted, completing a clean bullish leg from the Fibonacci confluence zones and breaking through the key 1.3430 resistance level. The structure remains strongly bullish, and after this minor retest, I’m anticipating another impulsive wave to the upside, with the next target sitting firmly at the 1.3900 level. The pair continues to respect both structure and momentum, showing consistent demand on dips. Fundamentally, the British pound continues to gain strength backed by sticky inflation data and hawkish tone from the Bank of England. With UK CPI remaining elevated and core services inflation running hot, the BoE is being forced to hold its tightening bias. This contrasts sharply with the Federal Reserve, where recent data shows signs of softening labor markets and cooling price pressure, bringing rate cut expectations back on the table for the second half of 2025. Technically, GBPUSD has cleanly respected all key fib levels from the previous correction. The breakout above 1.3430 has flipped structure into bullish continuation, and the market has already begun forming higher highs and higher lows on both daily and 4H timeframes. As long as price holds above the 1.3430–1.3450 retest zone, the bullish outlook remains intact with high-probability momentum toward 1.3900. In current market sentiment, GBPUSD remains one of the strongest trending pairs, with institutions adding to long exposure as the dollar index weakens. As a professional trader, I remain long-biased and look to scale in on lower timeframe retracements. This is a textbook continuation play backed by both technicals and macro momentum. Let the trend work—bulls remain in full control.
Long
by AndrewsMarket-Mastery
2
Pound Tops $1.357 on Solid DataGBP/USD advanced above $1.357, hitting its highest level since February 2022, as Trump’s delay of the 50% EU tariff boosted global sentiment. The pound also gained from promising April data, with retail sales rising 1.2%, marking the fourth monthly gain. Inflation stayed high at 3.5%, adding uncertainty over the BoE’s next move. Markets now price in a 50% chance of a rate cut by August, with another possible by year-end. Support lies at 1.3425, with resistance at 1.3600. Other key levels are 1.3850 and 1.3750 above, and 1.3165 and 1.2890 below.
by ChartMage
GBPJPY: Weekly overview + Significant zonesHello dear traders, The indicated levels are determined based on the most reaction points and the assumption of approximately equal distance between the zones. These points can also be confirmed by the mathematical intervals of Murray. After reacting to the following zones, you can enter the trade. Place the stop loss slightly above/below the zone to which the reaction was shown. The profit point is the next zone. The drawn channels and their medians can also be considered as moving support and resistance. I usually use them as target points. I've doubled the short-term channel because it was so thin ;-). * I don't use 189.663 zone to take short! There are too many moving S&R around it. This analysis is valid until the end of the week. ************************************** Important news that could change the direction of the trade: Wed: Great Britain CPI of April.
Long
by AliSignals
GBP/USD Firms as UK Data Performs WellGBP/USD edged up by 0.25% in Friday’s Asian session, nearing 1.3450, after upbeat UK retail sales and consumer confidence data lifted sentiment. The GfK index rose to -20 in May, beating forecasts, while April retail sales surprised to the upside. However, PMI data showed divergence as manufacturing fell to 45.1 (vs. 46.0 expected), while services ticked up to 50.2 from 49.0. The pound also benefited from a weaker U.S. dollar as Treasury yields retreated from 19-month highs. Trump’s budget bill, which includes tax breaks on tips and U.S.-made car loans, passed narrowly and is projected to add $3.8 billion to the deficit. Resistance is at 1.3470, followed by 1.3550 and 1.3700. Key support lies at 1.3250, then 1.3150 and 1.3000.
by ChartMage
GBP/JPY Holds Key Support as Bullish Momentum BuildsA bullish setup has emerged on GBP/JPY, with recent price action suggesting bullish momentum is building. With GBP strengthening against USD, GBP/JPY may present a higher-probability bullish scenario compared to USD/JPY in the near term (though this also looks bullish to my eyes over the near term). GBP/JPY held above key moving averages midweek. GBP/JPY failed to close below its 200-day SMA on both Wednesday and Thursday, while yesterday’s session also respected support at the 50-day EMA and the 192.00 handle. Momentum indicators support the bullish case, with the daily RSI trading above 50 after rebounding from its most oversold level in six weeks. As long as prices hold above Thursday’s low, bulls may look for a retest of the cycle highs near 196.00. ** Please note that Japan's CPI data drops in >30 minutes ** Matt Simpson, Market Analyst at City Index and Forex.com
Long
by CityIndex
Sterling Extends Rally Amid U.S. Fiscal ConcernsGBP/USD extended its gains for a fourth consecutive session, trading near 1.3430 during Thursday’s Asian session. The pair’s upward movement is largely supported by continued weakness in the U.S. Dollar, following Moody’s downgrade of the U.S. credit rating from Aaa to Aa1, in line with earlier downgrades by Fitch in 2023 and S&P in 2011. Moody’s cited projections that U.S. federal debt could surge to 134% of GDP by 2035, up from 98% in 2023, with the budget deficit potentially widening to nearly 9% of GDP. Key concerns include rising interest payments, growing social expenditures, and weakening tax revenues. The first critical support for GBP/USD is seen at 1.3450 and the first resistance is located at 1.3250.
by ChartMage
Pound Climbs Above $1.336 on Strong UK DataThe British pound rallied past $1.336, reaching a one-week high and inching closer to its April peak of $1.34. The move was fueled by renewed optimism after the UK and EU reached a comprehensive post-Brexit agreement covering energy cooperation, defense partnerships, and fisheries rights through 2038. Supporting the pound further, recent UK data exceeded expectations. GDP rose 0.7% in Q1 and 1.3% annually, easing pressure on the Bank of England to cut interest rates aggressively. Although rate reductions remain on the table, the strength of the economic rebound gives policymakers more flexibility. Despite some concerns about rising unemployment and slowing wage growth, the upbeat GDP print has helped offset fears of an impending recession. Meanwhile, the US dollar continued to weaken following Moody’s credit downgrade, providing additional support to the pound. GBP/USD now faces resistance at 1.3450, with higher targets at 1.3550 and 1.3700. Support is located at 1.3160, followed by 1.3000 and 1.2960.
by ChartMage
GBPUSD - Double Top Formation in Focus?The GBP/USD pair is currently trading at 1.3278, showing signs of consolidation within a well-established range after recovering from the early April lows near 1.2700. Price action over the past month has created a series of higher lows while repeatedly testing resistance in the 1.3400-1.3450 zone highlighted by the light blue rectangle. The higher probability scenario suggests that cable is likely to make another push toward this critical resistance area, potentially forming a double top with the early May peak around 1.3450. This technical formation would be significant for traders, as a successful breakout above this double top structure could trigger a substantial bullish move, while rejection might lead to a deeper correction. However, the current market structure and momentum favor an eventual upside resolution, with the green arrow indicating a potential target above 1.3450 if buyers can muster sufficient strength to overcome this formidable resistance level. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by financialflagship
GBPJPY - Bullish No More!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈As per our last GBPJPY analysis (attached on the chart), it rejected the lower bound of the rising blue channel. What's next? GBPJPY is currently approaching the upper bound of its falling trend marked in red. Moreover, the green zone is a strong structure and resistance. 🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of structure and upper red trendline acting as a non-horizontal resistance. 📚 As per my trading style: As #GBPJPY approaches the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by TheSignalyst
6
Pound Gains on Strong UK GDPThe British pound climbed to $1.3320 on Friday after strong UK GDP data showed the economy grew 0.7% in Q1 and 1.3% year-over-year, easing pressure on the Bank of England to cut rates aggressively. While a cut is still likely, the solid growth figures suggest urgency has diminished. At the same time, a softer U.S. dollar, driven by speculation that the U.S. may be allowing depreciation to support exports, has supported sterling. However, the UK’s broader outlook remains mixed, with rising unemployment and slowing wage growth signaling uneven momentum. GBP/USD faces resistance at 1.3350, with additional levels at 1.3450 and 1.3550. Support levels are at 1.3160, 1.3000, and 1.2960.
by ChartMage
Fundamental Market Analysis for May 16, 2025 GBPUSDU.S. producer prices unexpectedly fell in April as the cost of services fell the most since 2009. The Bureau of Labour Statistics on Thursday released data that the US Producer Price Index (PPI) rose 2.4 per cent in April, down from 2.7 per cent previously. This figure was weaker than market expectations of 2.5%. In addition, initial jobless claims in the US for the week ending 10 May were 229 thousand, compared to the previous week's 229 thousand (revised from 228 thousand). This value was in line with initial estimates. Swap markets priced in the first Fed rate cut of 25 basis points (bps) at the September meeting and expect two more rate cuts before the end of the year. Some analysts believe policymakers may wait until December. Favourable UK Gross Domestic Product (GDP) data suggests the UK's economic health is robust, dampening hopes of aggressive monetary policy easing by the Bank of England (BoE). This, in turn, provides some support for the British pound against the US dollar. Trading recommendation: BUY 1.3350, SL 1.3250, TP 1.3550
Long
by Fresh-Forexcast2004
Fundamental Market Analysis for May 13, 2025 GBPUSDEvent to pay attention to today: 15:30 EET. USD - Consumer Price Index 18:00 EET. USD - BOE Governor Andrew Bailey Speaks The GBP/USD pair is climbing towards 1.3195 in the early European session on Tuesday. US President Donald Trump said last week that he would continue to impose new 10% tariffs on imports of most British goods, but would reduce higher tariffs on imports of British cars, steel and aluminium. These positive developments related to the US-UK trade deal are fuelling cable prices. In addition, gradual and cautious policy easing by the Bank of England is helping to boost the Pound Sterling. The UK central bank cut interest rates by a quarter of a percentage point in a split decision last week and said the risks to growth posed by Trump's global trade war did not derail its plan for cautious policy easing. The Bank of England estimates the UK economy will grow by 1 per cent, up from the 0.75 per cent forecast at its February meeting. Traders await the release of the US consumer price index (CPI) for April, due later on Tuesday. Trading recommendation: BUY 1.3225, SL 1.3125, TP 1.3425
Long
by Fresh-Forexcast2004
GBPUSD - Bearish Pressure Soon!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈As per our last GBPUSD analysis, it rejected the $1.27 - $1.28 support zone and has been trading higher. This week, GBPUSD is approaching the upper bound of its rising wedge pattern marked in red. Moreover, the blue zone around $1.34 is a strong resistance and previous weekly high. 🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the upper red trendline and resistance. 📚 As per my trading style: As #GBPUSD retests the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by TheSignalyst
16
Pound Steadies with Trade Deal ReliefThe GBP/USD pair opened Thursday with gains following the Bank of England’s expected 25 basis point rate cut, but the pound’s momentum faded as attention turned to U.S. trade developments. By Friday morning, the pair was trading around 1.3240. Sentiment shifted toward the U.S. dollar after the Trump administration announced an upcoming trade deal with the UK, helping Britain avoid steep reciprocal tariffs originally set to resume on July 9. While some relief came from Trump’s earlier ‘Liberation Day’ delay, a broad 10% tariff on all UK imports to the U.S. remains on track, potentially weighing on sentiment. Refined ethanol has been fully exempted, though U.S. import data shows none has been sourced from the UK in over 15 years. If GBP/USD breaks above 1.3280, resistance levels come in at 1.3450 and 1.3550. Support lies at 1.3160, followed by 1.3000 and 1.2960.
by ChartMage
USDJPY BULLISH OR BEARISH DETAILED TECHNICAL AND FUNDAMENTALSUSDJPY is currently trading around 145.300 and showing clear signs of bearish pressure from the upper resistance of a broad ascending channel. The market structure suggests a potential rejection, and price action confirms the formation of a rising wedge pattern—a classically bearish setup indicating an upcoming correction. With momentum slowing and sellers starting to step in, I anticipate a move toward the 143.500 zone as price seeks support near the lower trendline. From a fundamental standpoint, the US dollar is experiencing slight weakness today following softer-than-expected jobless claims data and a cooling CPI projection. Meanwhile, the Japanese yen is finding strength from renewed risk-off sentiment and speculation that the Bank of Japan may subtly shift its ultra-loose stance if inflationary pressures persist. This macro backdrop adds more weight to the potential downside in USDJPY over the next few sessions. Technically, the price has tested the 146.000 resistance zone multiple times but failed to break above it with conviction. This repeated rejection near the top of the channel adds credibility to the bearish outlook. A breakdown from the rising wedge would likely accelerate selling pressure, pushing USDJPY toward the 143.500 level, which aligns well with previous demand zones and the channel’s lower boundary. I’m closely watching for confirmation below the 145.000 level, which would act as a trigger for short positions. With risk-reward favoring the bears and fundamentals aligning with the technical setup, this is a solid opportunity for those looking to capitalize on a potential pullback in USDJPY.
Long
by AndrewsMarket-Mastery
3
GBP Steady Near $1.33, BoE Rate Cut ExpectedThe British pound hovered near $1.33 as traders awaited the BoE’s decision, with a 25 bps cut to 4.25% widely expected. Markets are also eyeing new economic forecasts for signals of further easing. While Trump’s tariff plans have stoked global slowdown fears, the UK is less exposed due to a U.S. goods surplus. A fresh trade deal with India, expected to generate £4.8 billion annually by 2040, may also cushion the economy. If GBP/USD breaks above 1.3430, resistance levels come in at 1.3500 and 1.3550. Support lies at 1.3200, followed by 1.3050 and 1.2960.
by ChartMage
GBP Falls Ahead of Fed and BOE MeetingsSterling fell 0.24% to $1.3265 on Tuesday as the U.S. dollar firmed ahead of the Federal Reserve’s policy decision, with rates expected to remain unchanged. While the dollar recovered slightly, doubts over its safe-haven appeal and Trump’s tariff stance persist. Markets also await the Bank of England’s meeting, where a 25 bps rate cut is expected. Dovish signals or dollar softness may support GBP/USD. If GBP/USD breaks above 1.3430, the next resistance levels are 1.3500 and 1.3550. Support levels are at 1.3200, followed by 1.3050 and 1.2960.
by ChartMage
EURGBP DETAILED ANALYSIS TECHNICAL AND FUNDAMENTALSEURGBP is currently trading around 0.85, having completed a successful breakout and retest of the previous resistance-turned-support level. The price action aligns with a classic bullish continuation pattern, suggesting that the pair is poised for another upward move. My target for this bullish wave is 0.88, which corresponds to the next significant resistance zone. Technical indicators support this outlook. The formation of a falling wedge pattern on the 4-hour chart has been confirmed, with the breakout leading to a sustained upward trajectory. The retest of the breakout level has held firm, indicating strong buyer interest and the potential for continued bullish momentum. From a fundamental perspective, the euro is gaining strength due to improved economic indicators in the Eurozone, while the British pound faces headwinds amid ongoing fiscal policy uncertainties in the UK. This divergence in economic outlooks is contributing to the euro's relative strength against the pound, further supporting the bullish case for EURGBP. In summary, the combination of technical patterns and fundamental factors suggests that EURGBP is well-positioned for a move toward 0.88. Traders should monitor key support levels to manage risk and look for confirmation of continued bullish momentum as the pair approaches the target zone.
Long
by AndrewsMarket-Mastery
5
GBPNZD - Marco Trend Still Up!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈GBPNZD has been overall bullish from a macro perspective trading within the rising channels in blue and orange. Moreover, the green zone is a strong support, structure and demand. 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of support and lower orange/blue trendlines acting non-horizontal support. 📚 As per my trading style: As #GBPNZD approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by TheSignalyst
4