GBPUSD

Key Indicators

• Signs of bearish momentum are growing as the MACD stays negative and the RSI drifts below 50, pointing to a market that favors sellers, at least in the short term.

Fundamental Context

GBPUSD is consolidating near 1.13500 following a pullback from its recent peak. The currency pair is trading neutral to slightly bullish in the early European session, as traders and investors await fresh economic data.