Relative Pressure On The Pound!




Today, GBPUSD has the highest positive correlation with EURUSD and the highest negative correlation with USDCHF.

Technical Analysis:

The market failed to break through the daily bottom and rose to the 1.1550 range in the EMA50 average range.

For today in the 30-minute time frame, downward tendencies are evident, but the continuation of this decrease is conditional on remaining below the price range of 1.1445-1.1455. In this case, a decrease to the 1.1450 area can be expected. If this resistance is broken, it should be flexible and expect a cross-sectional growth up to the range of 1.1600.