The GBP/USD is trending higher The GBP/USD is trending higher Jason Lubin December 24, 2020 10:50 PM Look to the 50-day simple moving average for support. Share: The US Dollar was bearish against most of its major pairs on Thursday with the exception of the CHF and JPY. On the US economic data front, no major economic data was released. On Friday, US markets will be closed to observe Christmas Day. The Euro was bearish against most of its major pairs with the exception of the CHF and JPY. The Australian dollar was bullish against most of its major pairs with the exception of the GBP.