GBPUSD

The GBP/USD pair is drawing attention in a week where major central banks' interest rate decisions will be announced in global markets. While the European Central Bank (ECB) is expected to cut interest rates, the statements of ECB President Lagarde are also being closely watched. In the U.S., the focus is on 4th Quarter Growth data and the PCE data, the Fed's inflation gauge. These developments could increase volatility in the Dollar Index and, consequently, the GBP/USD pair.

Technically, the GBP/USD pair continues to trade above the 1.2360 support and is targeting the 1.2480 resistance level. The pair is trading above the 55-period exponential moving average (1.2360) and just below the 233-period exponential moving average (1.2480). The RSI indicator is near the 50 level, showing a neutral outlook. The pair is trading at 1.24457, down 0.03% from the previous day. Support levels are observed at 1.24, 1.236, and 1.2315, while resistance levels are highlighted at 1.248, 1.25225, and 1.2565.