GBPUSD

We are entering a week expected to be calm in the markets due to the Christmas holiday. Economic indicators such as the upcoming growth data from the UK and durable goods orders from the US could impact price movements. However, it should be noted that such data might have a limited effect on traders due to the Christmas holiday mindset. As the weak response and strong trend theme continue on the Dollar Index, this situation might also influence the movements of the GBP/USD pair.

Looking at the chart, we can say that the GBP/USD pair is trading in a 1-hour time frame. The pair continues to trade below the strong resistance level of 1.2610, and the current negative trend may persist as long as there is no sustained move above this resistance level. Levels of 1.2565, 1.2525, and 1.2485 are being monitored as support. The RSI indicator is at 45, and the market exhibits a slightly negative outlook. If the pressure on the pair continues, testing the 1.2485 level could be an important indicator of whether the current trend will continue. The pair has experienced a 0.09% decline compared to the previous day.