GBPUSD

CPI from Germany and the Eurozone, Growth from the US, Conference Board (CB) Consumer Confidence, FOMC members / Fed officials' speeches and Fed Inflation indicator PCE (Personal Consumption Expenditures / Spending) should be followed carefully. A calmer start to the week may be observed today due to the Memorial Day holiday in the US. IFO Business Climate Index from Germany and FOMC Member Williams' speech from the US can be explained as intraday developments. 1.2740 level can be followed in intraday downward movements. In case of falling below this level, supports of 1.2736, 1.2728 and 1.2724 may become important. In possible increases, 1.2748, 1.2752 and 1.2760 will be watched as resistance levels. Support: 1.2728 - 1.2724 Resistance: 1.2748 - 1.2752