GBPUSD

The GBP/USD pair began a volatile week due to ongoing uncertainties in global markets and Trump's implementation of import tariffs. The strong performance of the dollar index is increasing pressure on the Sterling, while macroeconomic data from the Eurozone and the US are being closely monitored. This week, the Bank of England's (BoE) interest rate decision and US employment data could have critical impacts on the pair. Additionally, trade wars and the tariffs imposed by Trump are continuing to heighten market fluctuations.

According to the technical outlook, the GBP/USD pair is trading around the 1.22721 level. Resistance levels are being watched at 1.2315, 1.236, and 1.2395, while 1.223, 1.2185, and 1.214 levels serve as support. The RSI indicator points to a neutral outlook, with the pair having depreciated by 0.96% compared to the previous day. The current technical setup suggests a potential pullback towards the support levels for the pair.