GBPUSD

The GBP/USD pair is moving in a period where the market is focused on intense data flow ahead of the Thanksgiving holiday in the United States. Key data such as PCE inflation and third-quarter growth figures, as well as durable goods orders and initial jobless claims, are being monitored on the U.S. economic calendar. The impact of these data on the Fed's monetary policy could particularly shape interest rate decision expectations. Additionally, it appears that uncertainties originating from Asia and geopolitical developments in global markets might have indirect effects on the pair.

Technically speaking, the GBP/USD pair is exhibiting a negative trend below the area of 1.2595 – 1.2635, which corresponds to the 34 and 55-period exponential moving averages. This situation raises the possibility of the pair retreating toward the support levels of 1.2520, notably, followed by 1.2485 and 1.2445. Especially, sustained movements below the 1.2520 level seem to create pressure toward the 1.2445 level. The RSI indicator is currently at neutral levels, indicating that the pair is moving directionlessly. The current pricing shows a slight decrease by 0.02% compared to the previous day.