GBPUSD

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GBPUSD

After the US ISM Manufacturing PMI data that fell below expectations yesterday and accelerated the contraction, the Classic Dollar Index, which attracted attention with its negative pricing behavior and took an important step in ending the upward trend view, is serious in its intention to answer the question of whether it will react to the news flows that we will follow throughout the week should be followed carefully. Psychologically, 105, theoretically 34 and 100-day averages (104.33 - 104.65 area) can now be explained as a significant resistance and a strong resistance in order to create pressure for the new appearance of the index. The 1.2808 level can be followed in intraday downward movements. In case of falling below this level, the supports of 1.2798, 1.2785 and 1.2775 may become important. In possible increases, 1.2821, 1.2831 and 1.2844 will be followed as resistance levels. Support: 1.2798 – 1.2785 Resistance: 1.2821 – 1.2831