GBPUSD

The GBP/USD pair may maintain its positive outlook as long as it remains above the 55- and 89-period exponential moving averages in the 1.2780-1.2793 region. In this scenario, the pair may be expected to rise towards the 1.2900 and 1.2945 levels. In particular, persistent movements above 1.2900 will be an important signal for the continuation of the trend rally. However, in the event of a pullback, these averages may be monitored as short-term support. A persistent recovery in the Dollar Index will be required for the current scenario to deteriorate; otherwise, the August low of 1.2670 may come to the fore.