GBPUSD

We are leaving behind a week in which we have reached the answer to the question of whether inflation will continue to scare the markets in the US. After the employment and wages at the beginning of the month, we see that the markets are preparing to close a much happier week with the CPI data in the middle of the week. Although the Fed does not expect as many interest rate cuts (3) as in its March projections, the estimates that 2 cuts will occur by the end of the year can be explained as a process assessment reminiscent of the idiom “showing death and accepting malaria”. The daily loss for the parity, which closed at 1.2656 on the previous trading day, was 0.08%. The RSI indicator for the parity, which is below its 20-day moving average, is at 60.43, while its momentum is at 101.02. The 1.2661 level can be followed in intraday upward movements. If this level is exceeded, the resistances at 1.2672, 1.2687 and 1.2698 may become important. In case of possible pullbacks, 1.2646, 1.2635 and 1.2620 will be monitored as support levels. Support: 1.2646 – 1.2635 Resistance: 1.2672 – 1.2687