GBP/USD H4
The GBP/USD currency pair has consistently stayed within its upward trend channel, with the dollar
exhibiting subdued performance. Attention is now sharply focused on key upcoming U.S. economic
indicators. The Gross Domestic Product (GDP) data set for release tomorrow is highly anticipated,
along with the Personal Consumption Expenditures (PCE) index, scheduled for Thursday. These
pivotal reports are expected to offer critical insights into the direction of the Federal Reserve's
monetary policy decisions and provide a clearer picture of the dollar's strength in the near term.
GBP/USD remain trading in its uptrend channel, suggesting a bullish bias for the pair. The RSI remains
in the upper region while the MACD has been moving up, suggesting the bullish momentum remains
strong.
Resistance level: 1.2710, 1.2785
Support level:1.2635, 1.2530
The GBP/USD currency pair has consistently stayed within its upward trend channel, with the dollar
exhibiting subdued performance. Attention is now sharply focused on key upcoming U.S. economic
indicators. The Gross Domestic Product (GDP) data set for release tomorrow is highly anticipated,
along with the Personal Consumption Expenditures (PCE) index, scheduled for Thursday. These
pivotal reports are expected to offer critical insights into the direction of the Federal Reserve's
monetary policy decisions and provide a clearer picture of the dollar's strength in the near term.
GBP/USD remain trading in its uptrend channel, suggesting a bullish bias for the pair. The RSI remains
in the upper region while the MACD has been moving up, suggesting the bullish momentum remains
strong.
Resistance level: 1.2710, 1.2785
Support level:1.2635, 1.2530