GBPUSD

The GBP/USD pair is focused on significant macroeconomic events in the middle of the week. Today's inflation data from the US and tomorrow's interest rate decision by the European Central Bank could be decisive for the pair. The expectation for a rate cut at the Fed's meeting on December 18 stands at 86%, and movements in core inflation could influence this expectation. On the other hand, growth data from the UK will also play an important role in the pair's trajectory throughout the week. The limited movements in the Dollar Index and its confinement between 105-108 will be a determining factor for the GBP/USD pair as well.

From a technical perspective, the GBP/USD pair is struggling to break above the 1.2810 resistance level and is displaying an outlook below the 233-period average. If the pair achieves a sustained movement below 1.2718, pressure may build towards the 1.2485 support level. In upward movements, the 1.2810 resistance emerges as a significant barrier. The RSI indicator suggests a neutral outlook for the pair. With a 0.05% decrease compared to the previous day, the pair is stuck between 1.2718 - 1.2810, and movements within this range should be closely monitored.