GBPUSD

The narrow trading range of the classic Dollar index is causing the EURUSD and GBPUSD pairs to follow a calm path. Significant developments such as growth, employment, inflation, and central bank decisions are expected to impact asset prices until March 20. With the new week, data density will increase. Today, the speeches of Fed officials Barkin and Bostic, along with New Home Sales data, can be monitored.

The GBPUSD pair is exhibiting a positive movement, particularly considering the 1.2620 level as a bottom, trading within the range of 1.2570 - 1.2620. Short-term optimism is prominent in this reference zone. A sustained move above the 1.2675 level could support a rise towards 1.2810. However, if the reference zone breaks downward, optimism above the 1.2510 - 1.2525 range will continue. Key levels: 1.2570 and 1.2675.