GBPUSD

The GBP/USD pair may find direction this week based on the significant economic data to be released and messages from central banks. In particular, policy decisions from the Fed and ECB, employment data from the U.S., and PMI data could be decisive for the pair. The dollar index started the day with an upward move following Trump's warning about the creation of a new currency within BRICS. Signals from the Bank of Japan's governor about interest rate hikes are putting pressure on the Yen. Positive PMI data from China are supporting Asian markets, which could also have a reflection on all forex markets.

From a technical perspective, the GBP/USD pair is trying to maintain its stability above the 1.2655 level. As long as it holds above this level observed on the 1-hour chart, upward movements could continue towards resistance levels of 1.2715, 1.2770, and 1.2820. However, the overall outlook remains negative as long as the 1.2820 resistance is not surpassed. The RSI indicator is at 45, presenting a neutral view. A 0.39% decline is observed compared to the previous day. If the pair dips below 1.2655, support levels of 1.2610 and 1.2565 may be monitored.