GBP/USD Forecast: Pound Sterling recovery stalls as key resistance holds GBPUSD Currencies Majors Macroeconomics
will not be featuring any high-impact data releases on Monday and the risk perception in the second half of the day could provide a directional clue to GBP/USD. In case Wall Street's main indexes gain traction after the opening bell, the US could find it difficult to gather strength and vice versa.
On Tuesday, ahead of the US inflation report, the December jobs report from the UK will be watched closely by market participants.The Relative Strength Index indicator on the four-hour chart stays below 50, highlighting the lack of buyer interest in the near term.faces strong resistance at 1.2070, where the Fibonacci 61.8% retracement of the latest uptrend is located. If the pair manages to clear that level, it could extend its recovery toward 1.2125 ) and 1.2150 .
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