GBPUSD

We have completed the first trading day of the week. Manufacturing PMI data highlights Spain's rise to the growth zone at 50.5, while France is very close to the threshold level at 49.8. The Eurozone achieved a result of 49.4 in line with expectations, while the UK reduced its contraction rate to 46.4 but remains far from the threshold area. Germany increased its contraction rate to 48.3, and the US showed a similar trend with an ISM Manufacturing PMI of 48.5. The dollar is experiencing some pressure against the euro and the pound, with Thursday's ECB interest rate decision and US employment data being the main focus.

The classic Dollar Index maintains its negative outlook below the 99.85 – 101.05 range. This situation increases the likelihood of a pullback towards the 95.35 – 97.00 range. A drop below the 98.45 level in the short term could reinforce this view. In the GBPUSD pair, the 1.3385 – 1.3440 range stands out as significant support. As long as the negative trend in DXY continues, the pair may aim toward the 1.3640 level; otherwise, it may face pressure towards the average.