GBPUSD

Following the US Consumer Inflation data, the willingness of the Fed to cut interest rates allowed the Classic Dollar Index to be suppressed and the positive trend to end. This attitude strengthened the optimism on the EURUSD and GBPUSD sides. During the week, following the ECB Interest Rate decision, President Lagarde, Fed Chairman Powell's speech at the Washington DC Economic Club, US Core Retail Sales and CPI data from the Euro Zone and the UK can be explained as important indicators to be followed during the week. The daily loss for the parity, which closed at 1.2971 on the previous trading day, was 0.03%. While the RSI indicator for the parity, which is below its 20-day moving average, is at 70.34, its momentum is at 102.30. The 1.2993 level can be followed in intraday upward movements. If this level is exceeded, the 1.3006 and 1.3016 resistances may become important. In possible pullbacks, 1.2951, 1.2930 and 1.2905 will be followed as support levels. Support: 1.2951 – 1.2930 Resistance: 1.2993 – 1.3006