GBPUSD InsightBritish Pound/US DollarFX:GBPUSDshawntime_academyHello to all our subscribers, We’re glad to have you here. Please feel free to share your personal opinions in the comments. Don’t forget to hit the booster and subscribe! Key Points - The U.S. and China have reportedly reached a principled agreement on a framework to implement the Geneva Accord. President Trump announced that "all necessary rare earth elements will be supplied by China in a 'prepaid' format," effectively lifting export controls. - The U.S. Consumer Price Index (CPI) for May rose by 2.4% year-over-year, falling short of the market forecast of 2.5%. The core CPI also increased by 2.8%, below the expected 2.9%. - The U.K. announced results of its spending review, indicating a 2.3% increase in total government budget. Fiscal concerns triggered a spike in the 10-year gilt yield, which briefly rose to 4.6190%. Major Economic Events This Week + June 12: U.K. April GDP, U.S. May Producer Price Index (PPI) + June 13: Germany May Consumer Price Index (CPI) GBPUSD Chart Analysis The pair has continued its upward momentum supported by a trendline, but it's currently pausing near the 1.36000 level. There’s still potential for a breakout above this resistance, so further observation is needed to determine the direction. If it breaks above the recent high, a mid- to long-term rise toward the 1.40000 level is possible. Conversely, failure to break resistance could lead to a decline toward the 1.32000 level.