GBPUSD

The GBP/USD pair continues to trade with low volume in global markets during the holiday period. Manufacturing PMI data from the US and Europe may have limited effects on the pair. The recent rise observed in the Dollar Index is under pressure due to uncertainties regarding the Fed's interest rate policy. The new year week starting in Asian markets had a weak start due to trade tensions and low volumes. On the other hand, the rise in US 10-year bond yields could increase demand for the dollar.

Technically, the GBP/USD pair is testing the resistance levels of 1.2610 and 1.2715. If the pair remains below these levels, the downtrend is likely to continue. The levels of 1.2565, 1.2525, and 1.2485 stand out as the monitored support regions, respectively. Breaking the 1.2485 level, in particular, could trigger a deeper decline in the pair. The RSI indicator is at the 50 level and shows a neutral outlook, indicating that the pair is searching for direction in the short term. A 0.05% decrease is observed in the pair compared to the previous day.