GBPUSD

The decline in US 10-year Treasury yields limited the declines in the GBP/USD pair. The pair is trading below the 377-period exponential moving average of 1.2755. This increases the possibility of the pair falling towards 1.2675 and 1.2635. However, if the pair rises above 1.2755, 1.2788 could be tested. Unless there is a sustained move above this level, further pullbacks are possible. Support: 1.2675 – 1.2636 Resistance: 1.271 – 1.2755