GBPUSD

The Classic Dollar Index continues to remain in the optimistic region despite the losses it recorded at the beginning of the week. This attitude supports the continuation of the main negative outlook for EURUSD and GBPUSD pairs. With the Growth data from the US today and especially the PCE Inflation data tomorrow, the levels at which both the index and the pairs will close the week are important, and with the PCE data, where speculations about a Fed rate cut will increase, an instant significant pricing change can be monitored. The daily gain for the pair, which closed at 1.2632 on the previous trading day, was 0.09%. The RSI indicator for the exchange rate, which is below its 20-day moving average, is at 43.19, while its momentum is at 99.15. The 1.2618 level can be followed in intraday downward movements. If this level is dropped, the supports at 1.2603 and 1.2595 may become important. In possible increases, 1.2649 and 1.2664 will be monitored as resistance levels. Support: 1.2618 – 1.2603 Resistance: 1.2649 – 1.2664