GBPUSD

We are on the most important day of the week. We will examine the decisions of the Federal Open Market Committee (FOMC) and the speech of Fed Chairman Powell. We will follow both the statement and the chairman's guidance in answering the question of how much change the rigidity in inflation will create in the bank's current expectations before the economic projections in June. The Dollar Index, and therefore the EURUSD and GBPUSD parities, may create significant pricing reactions in the current process. Before the critical Fed, the Classic Dollar Index prioritizes the expectation of reaching the 107 level tested in October 2023 with optimism on the 34 and 100-day averages (104.14 - 104.94 region). The 1.2501 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 1.2520, 1.2546 and 1.2565 may become important. In possible pullbacks, 1.2455, 1.2426 and 1.2390 will be monitored as support levels. Support: 1.2455 – 1.2426 Resistance: 1.2520 – 1.2546