GBPUSD

We have left the most important development of the week (Fed) behind. The reaction of the Classic Dollar Index also limited the declines in GBPUSD. Despite the reaction (decline) observed on the index front, optimism continues on the 34 and 100-day averages (104.14 - 104.94 region). In this respect, the expectation of reaching the 107 level tested in October 2023, therefore, the idea of a strong dollar and a weak Euro and Sterling remains on the table. After the Fed, our main focus will be on Friday's Nonfarm Payrolls and Average Hourly Earnings data. Today, Manufacturing PMI from Germany and Unemployment Claims from the US may be on our radar. The 1.2530 level can be followed in intraday downward movements. If this level is dropped, the supports of 1.2519, 1.2504 and 1.2493 may become important. In possible increases, 1.2545, 1.2556 and 1.2570 will be monitored as resistance levels. Support: 1.2504 – 1.2493 Resistance: 1.2556 – 1.2570