GBPUSD

In a week where the Classic Dollar Index wants to stay above 105.50 and the weak reaction / strong trend theme is at the forefront, we witness that the increases observed in EURUSD and GBPUSD pairs are evaluated as a transition from Euro and Sterling to US Dollar. While this attitude of the index keeps the expectation for the continuation of the pressure on the pairs in the foreground, the geopolitical risk theme and the ECB June, BoE August and Fed September interest rate cut theme support the current pressure. The relevant pressure may want to move to the decision phase again if the Classic Dollar Index reaches the relevant region in the scenario that winks at the 107 level tested in October 2023 above the 34 and 100-day averages (103.82 - 104.32 region). The 1.2418 level can be followed in intraday downward movements. In case of falling below this level, the supports of 1.2394, 1.2365 and 1.2341 may become important. In possible increases, 1.2447, 1.2471 and 1.2500 will be monitored as resistance levels. Support: 1.2365 - 1.2341 Resistance: 1.2447 - 1.2471