empty
02.06.2025 03:55 AM
GBP/USD Overview – June 2: Another Surprise from Donald Trump

This image is no longer relevant

The GBP/USD currency pair experienced low volatility on Friday, but last week's events can already be overlooked — Trump never sleeps. Traders barely had time to recover from last Thursday's events when Donald Trump introduced new tariffs. More precisely, he increased existing tariffs on steel and aluminum imports by 25%. Starting June 4, they will stand at 50%.

Was anyone expecting de-escalation in the Global Trade War? Was anyone hoping Trump would heed economists' advice and move toward reconciliation?

"We are going to raise tariffs on all imports of steel and aluminum to 50%," Trump announced during his speech in Pennsylvania. According to him, he initially intended to raise tariffs only to 40%, but "industry leaders said they need it at 50%." Frankly, there are huge doubts that the U.S. steel mills requested this hike. Even if true, the rest of American businesses will suffer, and inflation will rise even higher. It's evident that American steel and aluminum producers benefit from higher tariffs — there's always a side that gains from any decision. However, all companies that purchase steel and aluminum for production will pay more. Of course, it won't be the companies paying; higher costs will be passed down to American consumers via higher-end prices.

Thus, as we have said before, the American people will pay for America's supposed future greatness. Whether greatness will materialize is unknown, but Americans will foot the bill here and now. Trump also plans to lower certain types of taxes — but what's the point if prices across the board rise by 10-30-50% due to tariffs? Anyway, that's America's and Americans' problem since they re-elected Trump as president.

Trump also stated that a 25% tariff might be manageable for foreign suppliers, but no one can cope with a 50% barrier. "It's a great honor for me to raise steel and aluminum tariffs to 50%. Our steel and aluminum industries are being revived. This will be another Great step toward Making America Great Again," Trump declared.

There's little doubt that the dollar will again start sliding confidently downward on Monday. Most likely, the U.S. currency will plunge, especially against the British pound, which showed no signs of yielding to the dollar even when there were hopes for de-escalation and a hawkish Federal Reserve stance. Monetary policy hasn't interested traders much in recent months and is now relegated to a secondary or tertiary concern. Who cares about the Fed's key interest rate when events of this magnitude are unfolding?

From a technical perspective, the GBP/USD pair closed below the moving average, but a sharp surge in quotes is expected on Monday.

This image is no longer relevant

The GBP/USD pair's average volatility over the past five trading days is 77 pips, classified as "moderate." Thus, we expect the pair to move from 1.3373 to 1.3527 on Monday, June 2. The long-term regression channel is directed upward, indicating a clear uptrend. The CCI indicator has not entered extreme zones recently.

Nearest Support Levels:

S1 – 1.3428

S2 – 1.3306

S3 – 1.3184

Nearest Resistance Levels:

R1 – 1.3550

R2 – 1.3672

R3 – 1.3794

Trading Recommendations:

The GBP/USD currency pair maintains its uptrend and continues to rise. There is no shortage of news supporting this movement. The de-escalation of the trade conflict both began and ended, but the market's aversion to the dollar remains. Every new decision by Trump or related to Trump is perceived negatively by the market. Thus, long positions remain valid with targets at 1.3550 and 1.3672 if the price stays above the moving average. Consolidation below the moving average would allow for short positions with targets at 1.3373 and 1.3306 — but who is expecting a strong dollar rally now? Occasionally, the U.S. currency may show minor corrections. Real signs of de-escalation in the Global Trade War are needed for a more substantial rise.

Explanation of Illustrations:

Linear Regression Channels help determine the current trend. If both channels are aligned, it indicates a strong trend.

Moving Average Line (settings: 20,0, smoothed) defines the short-term trend and guides the trading direction.

Murray Levels act as target levels for movements and corrections.

Volatility Levels (red lines) represent the likely price range for the pair over the next 24 hours based on current volatility readings.

CCI Indicator: If it enters the oversold region (below -250) or overbought region (above +250), it signals an impending trend reversal in the opposite direction.

Summary
Urgency
Analytic
Stanislav Polyanskiy
Start trade
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO

Recommended Stories

Análisis del par GBP/USD. El 29 de julio. El dólar estadounidense por fin cree en Trump.

El par de divisas GBP/USD continuó su caída el lunes. La libra británica comenzó a caer la semana pasada, y entonces llegamos a la conclusión de que detrás de esto

Paolo Greco 07:41 2025-07-29 UTC+2

Análisis del par EUR/USD. El 29 de julio. Un fracaso total para la Unión Europea.

El par de divisas EUR/USD en el marco temporal de 4 horas giró bruscamente hacia abajo el lunes y mostró una caída contundente. Este movimiento, desde nuestro punto de vista

Paolo Greco 07:41 2025-07-29 UTC+2

Trump sigue encadenando victorias (hay probabilidad de una caída del par EUR/USD y del precio del oro)

Durante el pasado fin de semana, el presidente estadounidense D. Trump y la presidenta de la Comisión Europea U. von der Leyen anunciaron la consecución de un acuerdo comercial entre

Pati Gani 12:01 2025-07-28 UTC+2

Análisis del par GBP/USD. El 28 de julio. Caída inesperada de la libra, datos débiles desde el Reino Unido.

El par de divisas el par GBP/USD cayó bastante el viernes. Esta caída de la libra británica genera cierta perplejidad, ya que no hubo razones de peso para ello

Paolo Greco 07:22 2025-07-28 UTC+2

Análisis del par EUR/USD. El 28 de julio. Queda muy poco tiempo hasta el 1 de agosto.

El par de divisas EUR/USD mantiene una orientación alcista en el marco temporal de 4 horas. Si la libra británica ha mostrado en los últimos días una caída bastante fuerte

Paolo Greco 07:22 2025-07-28 UTC+2

USD/JPY. El yen y la política: un lunes difícil para la moneda japonesa

Al inicio de la nueva semana de negociación, el par USD/JPY no puede determinar la dirección de su movimiento. Los traders no logran decidir cómo reaccionar ante las elecciones

Irina Manzenko 12:03 2025-07-21 UTC+2

La UE prepara un contraataque

Durante el fin de semana se supo que EE. UU. impondrá aranceles del 30% a todos los productos de la UE a partir del 1 de agosto de este

Jakub Novak 10:58 2025-07-14 UTC+2

Análisis del par GBP/USD. El 14 de julio. Tranquilidad, solo tranquilidad.

El par de divisas GBP/USD mostró una caída bastante significativa durante el viernes. En general, la libra esterlina ha estado cayendo durante 2 semanas, y este es un hecho

Paolo Greco 07:49 2025-07-14 UTC+2

Análisis del par EUR/USD. El 14 de julio. La posición de la Fed y Trump permanece sin cambios.

El par de divisas EUR/USD continuó el viernes con un movimiento descendente suave y débil. Como ya hemos mencionado muchas veces, el movimiento actual es una corrección en estado puro

Paolo Greco 07:49 2025-07-14 UTC+2

El oro volvió a subir

El precio del oro se estabilizó después de un fuerte aumento observado durante la sesión asiática de hoy. Los operadores siguen prestando mucha atención a las amenazas de imposición

Jakub Novak 10:31 2025-07-11 UTC+2
¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.