GBPUSD

The GBP/USD pair is being affected by the declines in the Classic Dollar Index following the interest rate hike by the Bank of Japan. This move from Japan, coupled with Trump's more moderate statements towards China, is causing a weakening of the dollar. Additionally, upcoming PMI data from the US and Eurozone is critically important for the short-term movements of the pair. In the UK, manufacturing and services PMI data are expected to provide insights into economic activity.

Technically, the GBP/USD pair is trading at 1.23882, with 1.236 and 1.2315 levels being monitored as significant support zones. In upward movements, resistance levels at 1.24, 1.244, and 1.248 can be followed. If the pair manages to stay above the 55-period exponential moving average, it may find room to move towards the 233-period average. The RSI indicator is showing a positive momentum, suggesting that the upward movement could continue. However, the pair's 0.29% increase compared to the previous day indicates a situation that should be monitored closely.