GBPUSD

In the GBPUSD pair, which has a strong correlation with EURUSD, it is observed that pullbacks have remained limited and horizontal pricing is taking place. Evaluating positions in the selling direction is seen as risky, and as mentioned yesterday, 1.13227 is an important support level. Although it has come under pressure following the released Non-Farm Payroll data, the likelihood of gaining strength in the pair continues due to the lack of a net positive economic situation in the US. The FOMC Minutes to be released this week (May 7) will be decisive for the direction of the pair.