GBPUSD

The GBPUSD pair has been influenced by data regarding the UK economy, statements from the Bank of England (BoE), movements in the DXY, and particularly data coming from the United States. The pair is fluctuating around the pivot level of 1.34164. Continued positive US data and a strengthening dollar could trigger a move towards support levels of 1.33916 (S1), 1.33660 (S2), and 1.33408 (S3) below the pivot level. Conversely, a weakening dollar or positive surprises from the UK could allow for testing of resistance levels at 1.34420 (D1), 1.34668 (D2), and 1.34920 (D3).