GBPUSD B

Key Indicators

• The current technical structure suggests that buyers continue to defend key support levels while attempting to regain momentum.

• Short-term moving averages remain upward sloping.

Fundamental Context

With the market trading in a narrow range, investors are looking for fresh triggers before the next significant move at the currency pair level. Investors are also anticipating a busy week in the UK, which will include inflation, the Bank of England's rate announcement, and the Makerfield by-election on Thursday.