GBPUSD

After the ECB's 25 basis point interest rate cut, attention turned to the U.S. employment data. Metrics such as non-farm payrolls, unemployment rate, and average hourly earnings could determine the positions of the Dollar Index at critical levels of 105.25 and 102.35. This situation will clarify the balances between short-term sellers and medium-term buyers. The potential for EURUSD to reach psychological levels of 1.10 and GBPUSD to hit 1.30 should be closely monitored.

When examining the GBPUSD pair, the 1.2760 level is a significant interim support point that supports short-term optimism. Sustained movements above this level could create an upward potential toward barriers at 1.2910, 1.2950, and 1.2990. However, if pressure occurs below this level, the positive outlook for the 1.2570 – 1.2620 region should be maintained.