GBPUSD

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GBPUSD

The GBPUSD pair continues to remain under pressure due to the strong trend in the Dollar Index. The release of PMI data in the US and the expectations of interest rate cuts by central banks may lead to an increase in demand for the dollar. This is highlighted as one of the main factors increasing the downward pressure on the GBPUSD pair. Additionally, the reemergence of Trump among the US presidential candidates and the scenario of further strengthening of the dollar could maintain the weak trend in the pair.

From a technical analysis perspective, the GBPUSD pair is trading below the exponential moving averages at the 1.2980 and 1.3030 levels. The pair's continued movement below these levels is significant for the persistence of downward pressure. While the 1.2900 and 1.2865 levels are monitored as support, the 1.2820 level should be followed as an important bottom point. In upward movements, the 1.2940, 1.2985, and 1.3030 levels can be considered as resistance. The RSI indicator is in a negative trend, having dropped below the 40 level. The pair shows a decline of 0.09% compared to the previous day, indicating that the weakness may persist.

Support :

1.2865 - 1.282 - 1.278

Resistance :

1.294 - 1.2985 - 1.303