Hello everyone!

Currently, GBP/USD remains bid, heading towards the 1.2550 level with no signs of stopping as of Tuesday morning in Europe.

The pair’s upward momentum is primarily driven by a generally subdued US dollar. However, further gains may be capped by mixed market sentiment as traders await key US data releases.

Looking ahead, on the 1-day (1D) timeframe, if GBP/USD fails to surpass the resistance near the 1.2800 level and the 34.89 EMA, the bearish momentum is likely to continue.

Wishing you all successful trades and abundant profits!

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