Technical Analysis
GBPUSD have big potential to buy around 1.27239. 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
U.S. Treasury yields were higher on Monday as investors looked ahead to the latest inflation prints and other key economic data slated for the week.
At 3:09 a.m. ET, the yield on the 10-year Treasury
was up by more than two basis points to 3.9647%. The 2-year Treasury
was last over two basis points higher to 4.0817%.
Yields and prices move in opposite directions. One basis point equals 0.01%. DISCLAIMER: The information on this analysis is based on research and experience, and it is not guaranteed to be accurate