Technical Analysis
GBPUSD have big potential to buy around 1.26795 This particular area have big resistance or rejection from the previous level higher time frame, it means lots of buyers took profit and sellers decided to involve in. Based on volume indicator the momentum for buyers is weakening.
Fundamental Analysis
Wall Street staged a broad-based rally, snapping a three-day losing streak. The Dow Jones Industrial Average rose almost 300 points, while the S&P 500 and Nasdaq Composite both rose more than 1%. All 11 S&P 500 sectors closed in positive territory. Mega caps rebounded from Monday’s losses, with Nvidia and Meta Platforms, gaining 3.8% and 3.9%, respectively. The yield on the 10-year Treasury ticked higher, while U.S. oil prices rose after hitting six-month lows on Monday. 
DISCLAIMER: The information on this analysis is based on research and experience, and it is not guaranteed to be accurate
