GBPUSD

The GBPUSD pair is in the decision phase as it moves between the 55 and 89 period exponential moving averages (1.2766 – 1.2786). Persistent movements outside these averages are required to determine a clear direction. When this condition is met, 1.2900 or 1.2670 levels can be targeted. Especially the negative performance of the Dollar Index can end the divergence between the pair and the index. Therefore, today's economic calendar data should be closely monitored.