GBPUSD

The GBP/USD pair is moving with a focus on US economic data and Fed policies, which will have a significant impact on the markets, as it waits for the release of the PCE data, which is the Fed's inflation indicator. The dollar index continues to rise with the slowdown in the Fed's rate cut appetite and the upward revision in inflation expectations. This situation could put pressure on the pound. While markets closely monitor the Fed's stance on PCE inflation, forthcoming US economic data and their impact on monetary policy will be decisive for the direction of the pair.

Technically, the GBP/USD pair is trading just above the 1.2485 level, and it is observed that if it remains below this level, selling pressure may increase. In downward movements, the 1.2445 and 1.24 support levels should be monitored. In the event of an upward recovery, the 1.2525, 1.2565, and 1.261 resistance levels should be followed. The RSI indicator is around the 40 levels, exhibiting a negative outlook, which indicates that the pair remains under downward pressure. The pair has recorded a decrease of 0.14% compared to the previous day.