GBPUSD

The swap market expectations, where the pricing area is shaped by the idea that the US Federal Reserve's first interest rate cut was made at the European Central Bank's June meeting, while the US Federal Reserve's first interest rate cut was made at the September meeting, may only make 1 interest rate cut for the rest of the year, ensured that the movements, which were exactly the opposite of the negative pricing behavior of the Classic Dollar Index last week, strengthened and created a positive momentum again by exceeding the indicators. This attitude limits the EURUSD and GBPUSD increases, while also questioning their current short-term outlook. Due to its closeness, the 100-day average (104.80) theoretically / 105 level psychologically is an area that should be followed carefully before the critical ECB and Fed meetings of the index. The 1.2693 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 1.2701, 1.2709 and 1.2716 may become important. In case of possible pullbacks, 1.2686, 1.2678 and 1.2670 will be monitored as support levels. Support: 1.2678 – 1.2670 Resistance: 1.2701 – 1.2709