GBPUSD

Fed Chair Powell stated in his presentation to the Senate that they will not be hasty in lowering interest rates. The inflation rate remaining above the 2% target and uncertainties related to tariffs are causing market commentary to be speculative. Today, the President's speech in the House of Representatives will be a continuation of yesterday's Senate session, with the main focus on the upcoming January Consumer Inflation data from the U.S.

The Classic Dollar Index is showing a positive trend above the 105.10 level, which is the 233-day exponential moving average. The index is fluctuating around the 107.80 level, the 34-day average, indicating a struggle between short-term sellers and medium-term buyers. The GBPUSD pair is also attempting to make decisions between significant levels as it reaches the 144 and 233-period averages. The critical levels of 1.2360 and 1.2480 should be monitored closely for any sustained movements.