GBPUSD

The GBP/USD pair may be influenced by significant economic indicators this week, such as the FOMC meeting minutes to be released, the CPI data from the Eurozone, and the U.S. third-quarter growth figures. The IFO Business Climate Index from Germany could also impact the pair's trend. Additionally, close attention should be paid to how the Classical Dollar Index moves at the 107.65 level. Volatility may increase due to decreased liquidity on days when markets are closed for Thanksgiving in the U.S.

Technically, the GBP/USD pair is exhibiting a negative trend below the 34 and 55 period exponential moving averages located in the 1.2630 – 1.2670 range. In downward movements, the support levels of 1.256, 1.252, and 1.2485 should be closely monitored. The RSI indicator shows a slightly negative outlook. The pair has experienced a 0.49% drop compared to the previous day. In the event of an upward recovery, the resistance levels of 1.26, 1.266, and 1.27 may be tested. However, it should be noted that the main trend of the pair remains negative.