GBPUSD
The GBP/USD pair seems to have started the week under the influence of global economic data and speeches by central bank officials. Important data flows from the US, Germany, Japan, the UK, and the Eurozone could lead to market volatility. In particular, core retail sales and inflation data from the US, along with speeches by Fed officials, could create movement in the dollar index. The dollar index maintains its upward expectation with support at the 103.25 level. This situation may also have an impact on the GBP/USD pair.
From a technical perspective, the GBP/USD pair is trading close to the 1.294 resistance level on the daily chart. In upward movements of the pair, the 1.298 and 1.303 resistance levels can be monitored, while in downward movements, the 1.29, 1.286, and 1.282 support levels will be followed. It is observed that the pair is fluctuating around moving averages and the RSI indicator is showing a neutral outlook just below the 50 level. The pair's continued stay within the current narrow band indicates it has not defined a clear direction in short-term movements. There is a minor decline of 0.08% compared to the previous day.
Support :
Resistance :