GBPUSD

The optimism of the US CPI data, which remained below expectations, strengthened the idea of a rate cut at the September meeting on the Fed's part and the scenario of at least 2 increases in total by the end of the year. The decline in the Dollar Index and US Bond Interest Rates drew attention. The trend change in the index strengthened the EURUSD and GBPUSD increases even more, and thus the short-term discrepancy ended. In light of the recent movements, the weak Dollar and strong Euro and Sterling may continue to remain on our agenda. The daily loss for the parity, which closed at 1.2911 on the previous trading day, was 0.03%. The RSI indicator for the parity, which is below its 20-day moving average, is at 70.34, while its momentum is at 102.30. The 1.2923 level can be followed in intraday upward movements. If this level is exceeded, the 1.2936 and 1.2946 resistances may become important. In case of possible pullbacks, 1.2900, 1.2890 and 1.2877 will be monitored as support levels. Support: 1.2900 – 1.2890 Resistance: 1.2923 – 1.2926