GBPUSD

Key Indicators

• In the short-term, both the MACD and RSI highlight a loss in upward punch, just as price struggles to break above 1.3530.

Fundamental Context

The British pound pulled back from the recent top as the greenback slightly rebounded from the multi-month low. Traders are now awaiting this week’s CPI report for further clues on inflationary pressures, after Friday’s weaker-than-expected jobs report reduced expectations for a Fed rate hike in September.