Hello everyone! Just as we predicted, GBPUSD has increased after successfully testing the support level at 1.257. Currently, it is trading around the 1.265 level, with strong upward momentum and aiming to immediately conquer the resistance level at 1.266.
The US dollar has slightly depreciated as moderate risk appetite has prolonged the recovery process of this currency pair from its lows after the NFP. Positive market sentiment is putting pressure on the US dollar and supporting GBPUSD. However, it is important to monitor this currency pair, especially with the upcoming release of the US Consumer Price Index on Wednesday, as this index could provide new impetus for the movement of this currency pair.
The US dollar has slightly depreciated as moderate risk appetite has prolonged the recovery process of this currency pair from its lows after the NFP. Positive market sentiment is putting pressure on the US dollar and supporting GBPUSD. However, it is important to monitor this currency pair, especially with the upcoming release of the US Consumer Price Index on Wednesday, as this index could provide new impetus for the movement of this currency pair.
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📈 Forex & XAU/USD Channel:
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