GBPUSD

We will complete the week. The main focus of global markets will be on Nonfarm Payrolls, Unemployment Rate and Average Hourly Earnings/Income data. These data are of critical importance in order to be able to predict possible actions of the US Federal Reserve (Fed) regarding monetary policy. In addition, the instant effects of this news flow on asset prices are also increasing in importance as they occupy the main agenda of those who trade in financial markets. For this reason, we should closely examine the results of critical US data. The downward movement observed in the dollar index supports the parity upwards. The daily gain for the parity, which closed at 1.2772 on the previous trading day, was 0.10%. The RSI indicator for the parity, which is below its 20-day moving average, is at 60.17, while its momentum is at 100.42. The 1.2759 level can be followed in intraday downward movements. In case of falling below this level, the supports at 1.2746 and 1.2739 may become important. In possible increases, 1.2779, 1.2786 and 1.2799 will be monitored as resistance levels. Support: 1.2759 - 1.2746 Resistance: 1.2779 - 1.2786