GBPUSD

The GBP/USD pair received a positive response in the markets following the release of U.S. inflation data. The headline inflation coming in line with expectations and the decrease in core inflation led to a decline in the dollar index and U.S. Treasury yields. This situation resulted in an increase in GBP/USD and other similar assets. However, as data-focused monitoring continues in the markets, important data such as growth figures from the UK and retail sales from the U.S. will continue to be observed.

Technically, the GBP/USD pair remains under pressure below the 1.2315 resistance level. A move below the 1.2185 level in the downward movements could strengthen the expectation of a retreat towards the 1.2060 low point tested in October 2023. In upward movements, the 1.223 and 1.227 resistance levels should be monitored. The RSI indicator is at the 48 level and presents a neutral outlook. It is observed that the pair has declined by 0.27% compared to the previous day.