GBPUSD

Global markets are facing an intense data flow in the last days of the first month of the year. Important data such as the Federal Reserve's meeting, the European Central Bank's decision, and the US Q4 Growth figures could increase volatility in the GBPUSD pair. While no changes in interest rates are expected from the Fed in this meeting, Chairman Powell's statements will be closely monitored. These developments, which may affect the dollar index, could also be decisive in the course of GBPUSD.

From a technical perspective, the GBPUSD pair is trading near the 1.248 resistance level. In downward movements, the 1.24 and 1.236 levels can be monitored as support, while in the continuation of upward movements, the 1.25225 and 1.2565 resistance levels can be followed. The pair has shown a small change of 0.1%. Although the RSI indicator is unknown, the current position and percentage change of the price allow for the consideration of a neutral trend. This situation may indicate that the market is in search of direction.