GBPUSD

The GBP/USD pair continues to be influenced by the new policies of Donald Trump, who has become president of the United States for a second time. Trump's decisions, such as implementing a 25% tariff for Canada and Mexico and withdrawing from the Paris Climate Agreement, could increase volatility in global markets. Additionally, significant economic data from the US and the possible interest rate decision by the Bank of Japan are being closely monitored in global markets. Employment data from the UK and the ZEW Economic Sentiment reports from Germany could also impact the pound.

From a technical perspective, the GBP/USD pair is trading at the level of 1.22864. In downward movements, the levels of 1.227, 1.223, and 1.2185 can be monitored as support, while in upward movements, the levels of 1.2315, 1.236, and 1.24 can be tracked as resistance. The RSI indicator is at 48, showing a neutral outlook. The pair has experienced a 0.33% decline compared to the previous day. Sustaining below the 1.223 level could cause the downward pressure to continue.