GBPUSD

The Classic Dollar Index followed a profile that compensated for its losses this week by doing the exact opposite of the negative pricing behavior it had last week. The fluctuations in main indicator items such as Growth, Employment and especially Inflation provide instant revisions in expectations for banks. In light of recent developments, the Dollar Index accepted the bottom point of the uptrend (103.90) as the bottom and reached the 100-day average (104.80) and is trying to find confirmation for its current rise. This attitude limits and questions the rise of EURUSD and GBPUSD. Due to its closeness, the theoretical 100-day average / Psychologically 105 level is an area that should be followed carefully before the critical ECB and Fed meetings of the index. In case of falling below this level, the supports of 1.2719, 1.2709 and 1.2702 may become important. In possible increases, 1.2736, 1.2743 and 1.2753 will be monitored as resistance levels. Support: 1.2719 – 1.2709 Resistance: 1.2736 – 1.2743