GBPUSD

The GBP/USD pair is focused on inflation data coming from the US in global markets. While headline inflation is expected to increase, no change is expected in core inflation. This situation could affect expectations regarding the Fed's interest rate cut policies. The Dollar Index hovering at critical levels could shape the movements of the GBP/USD pair following this data.

From a technical analysis perspective, the GBP/USD pair is trading at 1.2740 levels. The pair may encounter buying reactions when approaching the 1.2710 support level. However, unless the 1.2780 and 1.2820 resistance levels are surpassed, the pair has the potential to move downwards. The RSI indicator is at 47, exhibiting a neutral outlook. A 0.04% decrease compared to the previous day is observed in the pair.