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đŸ’· GBP/USD Visible indecision đŸ’·

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Brittiska pund/Amerikanska dollar (FX:GBPUSD)  
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FX:GBPUSD   Brittiska pund/Amerikanska dollar
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đŸ’· GBP/USD Visible indecision

đŸ’· As can be seen, the GBP/USD pair has shown considerable indecision in recent days.

đŸ’· Following Friday's US Unemployment Rate data, we saw that unemployment rose by 0.3% to 3.8% with the market expecting unemployment to remain at the current level of 3.5%.

đŸ’· This caused the dollar to react sharply towards appreciation.

đŸ’· So far, neither the monetary/fundamental situation in the UK nor the US stands out significantly one from the other, which may result in just such indecisive price movements.

đŸ’· We have found ourselves at a ceiling where the GBP/USD price has been overbought in recent weeks.

đŸ’· We will see if sentiment remains positive keeping the value of the British pound above the 1.256 level.

đŸ’· For now, I maintain a bullish scenario for this pair until the fundamental situation shifts significantly.

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