GBPUSD

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GBPUSD

In the GBPUSD pair, we will be waiting for the US CPI US FED Decision and the BoE Central Bank Decision on Thursday. The 34-period exponential moving average (1.2586) in the pair may want to maintain its pressure below the average. With this in mind, pressure can be monitored towards the supports of 1.2520, 1.2480 and 1.2440. The 1.2730 region acts as a strong resistance. If it rises above the 1.2665 region again, it can provide a technical increase to 1.2730. Support: 1.24800 Resistance: 1.27300