📊TECHNICAL ANALYSIS ON 1-HOURS TIMEFRAME
The GBPUSD pair settles near 1.2505 level, keeping its stability below it, while stochastic begins to overlap negatively now, waiting to resume the expected bearish wave for today, which its next main targets located at 1.2400 followed by 1.2310, reminding you that the continuation of the bearish wave depends on the price stability below 1.2505.
The expected trading range for today is between 1.2400 support and 1.2550 resistance.
📊QUICK FUNDAMENTAL LOOK
Dollar fell in European trade on Thursday against a basket of major rivals, on track for the first loss in three days as main inflation data failed to change the odds for an interest rate hike at this month's Fed policy meeting,.
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