GBPUSD falls back to a key support after the weak UK jobs data. What’s next?

June 10, 2025
-FXnews, US Dollar

That wasn’t enough to lift
the greenback though and traders are now focusing on the next key events
including the US-China trade talks, the US CPI and the FOMC decision. This is where we can expect the buyers to step in with a defined risk below the support to position for a rally into a new cycle high.

On the 4 hour chart, we can see more clearly the recent price action. We might have formed a range between the 1.3435 support and the 1.3600 resistance. Tomorrow, we have the US CPI report and the data will likely impact the USD performance greatly, so watch out for that

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