GBP/USD Short-Term Trend: Potential Upside AheadGBP/USD is hovering around 1.279, above both EMAs. However, the short-term trend remains uncertain due to the influence of:
USD: Strong ADP data supports USD, but slow US economic growth could weaken it.
Fed Rates: Potential two rate cuts could diminish USD appeal.
Economic Data: US unemployment claims and trade balance reports on Thursday will guide sentiment.
Prediction:
Short-term trend may continue up if US data is weak and Fed cuts rates.