GBPUSD

The FOMC meeting minutes, where we will access the details of the Fed meeting on May 1, will be on our radar today. The Classic Dollar Index attracted attention with its negative pricing behavior last week. The performance of the index in this process is important in a process that allows us to question whether the positive trend appearance has ended by falling below the averages we base it on (34 and 100-day EMA). The general strategy can be explained as the confirmation of the uptrend with persistence above the 34-day average (104.85), and the end of the uptrend with persistence below the trend bottom point (103.90). The RSI indicator for the exchange rate below the 20-day moving average is at 65.27, while its momentum is at 101.19. The 1.2713 level can be followed in intraday upward movements. If this level is exceeded, the 1.2722, 1.2732 and 1.2740 resistances may become important. In case of possible pullbacks, 1.2704, 1.2695 and 1.2685 will be monitored as support levels. Support: 1.2704 – 1.2695 Resistance: 1.2722 – 1.2732