GBPUSD

The GBPUSD pair, which is under selling pressure due to positive correlation with the EURUSD pair, has a negative short-term technical outlook. The pair is expected to find direction with the UK CPI data to be announced today (Expectation: 0.3%), and it appears that the previous data is in line with expectations. It is deemed appropriate to evaluate positions close to technical levels for the pair, which is expected to experience increased volatility following the release of the data.