GBPUSD

We are in the middle of the week. The classic Dollar Index is following a profile that is trying to adapt to the new negative outlook. Our main focus on the fundamental headlines will be the European Central Bank Interest Rate decision on Thursday and especially the messages to be given in President Lagarde's speech regarding the timing of the next interest rate cut. Before the ECB, we will follow the CPI data from the UK and the Eurozone, the Building Permits and Industrial Production data from the US and the Barkin and Waller speech from Fed officials on today's calendar. The daily loss for the parity, which closed at 1.2968 on the previous trading day, was 0.04%. The RSI indicator for the parity, which is below its 20-day moving average, is at 71.53, while its momentum is at 102.52. The 1.2976 level can be followed in intraday upward movements. If this level is exceeded, the 1.2984 and 1.2988 resistances may become important. In possible pullbacks, 1.2959 and 1.2951 will be followed as support levels. Support: 1.2959 – 1.2951 Resistance: 1.2976 – 1.2984