GBPUSD: Trend still mysterious!
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GBP/USD held steady today, hovering slightly up around 1.2630 during Asian hours on Monday. The US dollar's daily losses recover somewhat amid risk aversion ahead of the release of US ISM Manufacturing PMI data expected later in the North American session, capping levels increase of this currency pair.
Looking at the short-term outlook: The pair appears to be navigating a sideways trend with the 34 and 89 EMAs in line with the current price action, suggesting minimal fluctuations until the end of the day.
Looking at the short-term outlook: The pair appears to be navigating a sideways trend with the 34 and 89 EMAs in line with the current price action, suggesting minimal fluctuations until the end of the day.
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