GBPUSD

The Classic Dollar Index continues to show a limited increase but maintains a negative trend. Optimism regarding a quick resolution to the U.S. government shutdown supports the dollar's recovery. However, investors are focused on the Consumer Price Index (CPI) report for September, which will be released on Friday, due to the data uncertainties created by the shutdown.

The Dollar Index has fallen below the rising trend that has been ongoing since mid-September, showing a negative outlook. As long as the index trades below the range of 98.70 – 98.52, it may continue to move toward the level of 97.23. On the other hand, the GBPUSD pair could rise towards the level of 1.3527 as long as it maintains the range of 1.3370 – 1.3333. In both cases, it is important for investors to remain cautious.