GBPUSD

The sterling/dollar exchange rate is supported by strong labor market data from the UK. The higher-than-expected wage increases in the UK have strengthened expectations that the BoE may delay interest rate cuts. The inflation data released in the US did not cause a significant change in the exchange rate, but tomorrow's US retail sales data could be an important catalyst. It is deemed appropriate to carry out transactions based on resistance levels in the exchange rate, which is currently experiencing reaction buying and sharp selling, along with horizontal pricing.