GBPUSD

We have started a week where we will leave the second quarter of the year behind. In light of recent developments, the expectation of interest rate cuts in September and December meetings of the US Federal Reserve and European Central Bank ECB, and in August and December meetings of the BoE, are within the pricing area in the swap market. We will follow the macro-economic indicators and statements from central bank officials on the front of issues that will support or change this idea. The daily gain for the parity, which closed at 1.2644 on the previous trading day, was 0.04%. The RSI indicator for the parity, which is below its 20-day moving average, is at 43.37, while its momentum is at 98.86. The 1.2635 level can be followed in intraday downward movements. If this level is dropped, the supports of 1.2627 and 1.2621 may become important. In possible increases, 1.2655 and 1.2663 will be followed as resistance levels. Support: 1.2635 – 1.2627 Resistance: 1.2655 – 1.2663