GBPUSD

The GBP/USD pair is continuing its permanent course above the 1.2790 – 1.2797 region, where the 55 and 89-period averages are located. This indicates that the pair may make upward movements towards the 1.2865 and 1.2900 levels. In particular, permanent movements above the 1.2865 level can be evaluated as an important signal that the trend rally will continue. If these levels cannot be exceeded, the pair may experience a reaction sale towards the averages. In such a pullback, the 1.2790 – 1.2797 region should be monitored as short-term support. However, a permanent strengthening in the Dollar Index is required for the current scenario to be considered invalid; otherwise, the August low of 1.2670 may come to the fore.