GBPUSD

The GBP/USD pair continues to remain under pressure from the strong dollar as it experiences the effects of the US presidential elections. With the rise in the Dollar Index, a 1.45% decline is observed in the GBP/USD pair in November. Differences between the European Central Bank's (ECB) interest rate policies and the Bank of England's (BoE) interest rate strategies lead to the Sterling losing less value compared to the Euro. The expectation that the ECB will implement more interest rate cuts contributes to the Sterling remaining relatively more resilient against the dollar.

From a technical perspective, the GBP/USD pair is trying to hold above the 1.2648 support level. In its upward movements, the resistance levels of 1.2715, 1.277, and 1.282 become significant. The RSI indicator is at neutral levels, and the pair's technical outlook is balanced. Below the 1.2648 support level, the levels of 1.261 and 1.2565 can be monitored sequentially. On the daily chart, the pair is observed to have risen by 0.18% compared to the previous day. This could be an important signal for the continuation of the upward movement.