The British pound remained range-bound against the US dollar, awaiting the release of US economic data.
2025-12-15 14:36:09
During Monday's Asian trading session, the pound/dollar (GBP/USD) pair remained around 1.3360, exhibiting a defensive stance but without showing clear bearish momentum.
Prices have remained above the 200-day moving average support, indicating that the long-term bullish foundation remains intact. In the short term, the market remains wary of a moderate rebound in the US dollar, but the dollar's rebound lacks fundamental support and is limited by expectations of Federal Reserve policy and the potential for a Fed chair supported by Trump.
Global risk sentiment eased slightly, and risk assets generally underperformed, providing some safe-haven support for the US dollar. However, dollar bulls remained cautious, lacking aggressive buying. Despite cautious signals from the Federal Reserve last week, the market still priced in two possible rate cuts next year, especially given the clear signs of weakness in the US labor market.
Regarding the pound, investors will be focusing on several UK economic data releases and central bank policy events this week. Monthly UK employment data will be released on Tuesday, followed by the UK CPI on Wednesday and the Bank of England (BoE) policy meeting on Thursday.
Meanwhile, Thursday's US consumer inflation data and the delayed October non-farm payroll data will also provide important guidance for the short-term trend of GBP/USD. Overall, GBP/USD is expected to fluctuate in the short term, with investors awaiting the guidance of key data and central bank statements on the exchange rate.
From the daily chart, the price maintains a medium-term upward bias within a range, remaining above the 200-day moving average support. The key support level for the 200-day SMA is around 1.3350, while short-term moving averages are slightly downward sloping, forming downward pressure. Support levels to watch are the 200-day moving average and 1.3325, with further support around 1.3300. Resistance levels to watch are the 1.3385 and 1.3420 areas.
The daily RSI is neutral, and the MACD histogram is slightly decreasing, suggesting that short-term consolidation may continue. Technical signals indicate that GBP/USD lacks a clear direction in the short term and remains guided by key data and central bank policies; the 200-day moving average support level is crucial.
Editor's Note:
The GBP/USD pair is maintaining a defensive stance in the short term, with the 200-day moving average providing key support. Several economic data releases and central bank decisions from the UK and US this week may trigger short-term volatility; the focus remains on identifying a clear direction.
Prices have remained above the 200-day moving average support, indicating that the long-term bullish foundation remains intact. In the short term, the market remains wary of a moderate rebound in the US dollar, but the dollar's rebound lacks fundamental support and is limited by expectations of Federal Reserve policy and the potential for a Fed chair supported by Trump.
Global risk sentiment eased slightly, and risk assets generally underperformed, providing some safe-haven support for the US dollar. However, dollar bulls remained cautious, lacking aggressive buying. Despite cautious signals from the Federal Reserve last week, the market still priced in two possible rate cuts next year, especially given the clear signs of weakness in the US labor market.
Regarding the pound, investors will be focusing on several UK economic data releases and central bank policy events this week. Monthly UK employment data will be released on Tuesday, followed by the UK CPI on Wednesday and the Bank of England (BoE) policy meeting on Thursday.
Meanwhile, Thursday's US consumer inflation data and the delayed October non-farm payroll data will also provide important guidance for the short-term trend of GBP/USD. Overall, GBP/USD is expected to fluctuate in the short term, with investors awaiting the guidance of key data and central bank statements on the exchange rate.
From the daily chart, the price maintains a medium-term upward bias within a range, remaining above the 200-day moving average support. The key support level for the 200-day SMA is around 1.3350, while short-term moving averages are slightly downward sloping, forming downward pressure. Support levels to watch are the 200-day moving average and 1.3325, with further support around 1.3300. Resistance levels to watch are the 1.3385 and 1.3420 areas.
The daily RSI is neutral, and the MACD histogram is slightly decreasing, suggesting that short-term consolidation may continue. Technical signals indicate that GBP/USD lacks a clear direction in the short term and remains guided by key data and central bank policies; the 200-day moving average support level is crucial.
Editor's Note:
The GBP/USD pair is maintaining a defensive stance in the short term, with the 200-day moving average providing key support. Several economic data releases and central bank decisions from the UK and US this week may trigger short-term volatility; the focus remains on identifying a clear direction.
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