GBPUSD

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GBPUSD

On Thursday, the European Central Bank's (ECB) interest rate decision and President Lagarde's speech led to significant recoveries in the DXY, EURUSD, and GBPUSD pairs ahead of Friday's U.S. employment data. The price movements in these pairs, which started the week with poor performance, will be closely monitored to determine whether they pose a threat to the overall trend.

The GBPUSD pair maintains its optimism in the 1.2525 – 1.2570 range. This situation could create room for movement towards the 1.2715, 1.2760, and 1.2810 levels. Sustained movement above 1.2715 could strengthen the current bullish sentiment, bringing the 1.2810 level into focus. However, sustained movements below this region could trigger new pricing reactions, with the 1.2525 – 1.2570 area standing out as a key level.

Support :

1.2675 - 1.262 - 1.257

Resistance :

1.2715 - 1.276 - 1.281