GBPUSD

The GBP/USD pair is focused on developments in the Dollar index and the upcoming Manufacturing PMI data from the US and Europe. It is observed that the strong trend in the Dollar index continues and the US unemployment claims data may have an impact on the market. While the economic data coming from the US is expected to affect the general course of the dollar, the effects on the pair are being closely monitored.

Technically, the GBP/USD pair has approached the support levels at 1.2525, 1.2485, and 1.2445 on the 4-hour chart. Resistance zones are located at 1.2565, 1.261, and 1.2665 levels. Currently, the pair is trading at the 1.25324 level, showing a decrease of 0.17% compared to the previous day's close. The RSI indicator is at the 40 level, presenting a negative outlook, indicating that the pair may be under selling pressure. Sustained movements above the 1.261 level may be crucial for the pair to display an upward movement again.