GBPUSD

Rising Nasdaq indices in the US markets and Asian markets following this increase are supporting the optimistic atmosphere in global markets. After profit-taking in the dollar index, an upward trend is being observed again. This situation may influence the movements of the GBPUSD pair. Due to the high levels of US bond yields, markets are reconsidering the Fed's interest rate cut expectations. Meanwhile, the negative performance of the Richmond Manufacturing Index continues, but there is hope for improvement in the future.

Technically, the GBPUSD pair is struggling to surpass the 1.2610 resistance in the short term. The current negative trend may lead the pair to move towards the 1.2525 and 1.2485 support levels. The 1.2485 level, in particular, could be decisive in determining whether the pair remains in the negative trend. The RSI indicator is at the 40 level, exhibiting a negative outlook. The pair has shown a very slight change of 0.01% compared to yesterday's level. It should be noted that sustained movements above the 1.2610 resistance are necessary for an upward recovery.