GBPUSD

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GBPUSD

We left the first trading day of the week behind with the statements of Fed officials. The statements that there is no evidence of an increase in interest rates (Daly), that inflation has not cooled down fast enough to lower interest rates (Jefferson) and that it has caused disappointment (Barr) can be explained as the summary statements of the officials. The traffic of conversations continues today. The statements of critical names such as US Treasury Secretary Yellen, ECB President Lagarde, BoE President Bailey, and also officials such as Waller, Barkin, Williams and Bostic on the Fed side should be followed carefully. The RSI indicator for the exchange rate, which is below its 20-day moving average, is at 64.96, while its momentum is at 101.29. The 1.2706 level can be followed in intraday downward movements. In case of falling below this level, the supports of 1.2699, 1.2689 and 1.2682 may become important. In possible increases, 1.2716, 1.2723 and 1.2733 will be monitored as resistance levels. Support: 1.2699 - 1.2689 Resistance: 1.2723 - 1.2733