GBPUSD

The GBPUSD pair is experiencing a volatile trend as the Fed interest rate decision and Chairman Powell's statements are awaited. Before the Fed meeting, markets are focusing on inflation data from the UK and the Eurozone, and building permits data from the US. The recent recovery of the dollar index may be putting pressure on GBPUSD. On the UK side, the release of November's inflation figures could also influence the direction of the pair.

From a technical perspective, the GBPUSD pair is showing a tendency to consolidate between 1.2610 and 1.2810 on the daily chart. As long as the pair remains below the 233-period average located in the 1.2773 - 1.2810 range, the negative trend may continue. The RSI indicator is at 48, presenting a neutral outlook. In downward movements, support levels can be observed at 1.2665, 1.2610, and 1.2565, while potential upward momentum might see resistance levels at 1.2718, 1.2755, and 1.2810. Compared to the previous day, there is a 0.09% decline in the pair.