GBPUSD

The focus of global markets will be the ADP Private Sector Employment data and ISM Services PMI data to be announced in the US. These data are important for their impact on the Fed's interest rate policy. Especially if the US ISM Services PMI data surpass expectations, it could create a strengthening potential for the dollar. On the other hand, political developments in South Korea stand out as a factor of uncertainty in Asian markets. The positive trend in US index futures could indirectly affect the GBP/USD pair.

Looking at the technical outlook of the GBP/USD pair, we see that the price is fluctuating around the moving averages at the 1.2665 level. The main trend of the pair continues to remain negative below the 233-period moving averages at the 1.2820 level. Persistence below the 1.2610 level could create a movement area towards the 1.2485 level for the downtrend. The RSI indicator is currently in a neutral trend, waiting for the market to find direction. A slight decrease of 0.14% compared to the previous day is observed. Support levels can be tracked as 1.261, 1.2565, and 1.2525, while resistance levels can be monitored at 1.2715, 1.277, and 1.282.