GBPUSD

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GBPUSD

The GBPUSD pair continues to remain under pressure due to the positive outlook of the Dollar Index and the dynamics in global markets. Particularly, the monetary policy statements from the U.S. and the upcoming presidential elections contribute to the dollar's strong performance, while the expectations of interest rate cuts in the UK are weakening the sterling. Today's PMI data could be decisive for the pair's short-term direction. Future central bank meetings and potential interest rate cuts are also among the key factors that will influence the pair's trajectory.

Technically, the GBPUSD pair is trading below the 34 and 55 period exponential moving averages in the 1.2980 - 1.3030 region. This indicates a continued downward pressure for the pair. While 1.2900 and 1.2865 levels are being monitored as support, in cases of potential recovery, 1.294, 1.298, and 1.303 may be tracked as resistance levels. The RSI indicator is at 49, indicating a neutral outlook. The pair is showing a 0.36% loss compared to the previous day. In this situation, it should be noted that if the 1.2900 level is broken, the pair could decline to the 1.2820 level.

Support :

1.29 - 1.286 - 1.282

Resistance :

1.294 - 1.298 - 1.303