GBPUSD

This week is important for both whether current geopolitical risks will continue and how much expectations for central banks can be updated along with important economic indicators. Before the official Fed meeting on May 1, Growth, Services PMI, PCE Inflation data from the US and UK Services PMI data from the UK should be followed carefully for the course of the Dollar Index and GBPUSD parity. The classic Dollar Index continues its scenario of blinking at the level of 107 tested in October 2023 on the 34 and 100-day averages (103.90 - 104.32 region), while it also keeps the weak reaction / strong trend theme in the foreground with its desire to stay above 105.50. Whether the current scenario will continue this week is important for the course of the GBPUSD. The 1.2340 level can be followed in intraday downward movements. In case of falling below this level, the supports of 1.2310, 1.2285 and 1.2244 may become important. In possible increases, 1.2355, 1.2381 and 1.2407 will be monitored as resistance levels. Support: 1.2310 - 1.2285 Resistance: 1.2355 - 1.2381