GBPUSD

We are on the most important day of the week. The European Central Bank ECB will announce its interest rate decision today. The most important item of this meeting will be the speech of ECB President Lagarde rather than the interest rate decision. Because the answer to the question of when the second interest rate cut may be will be learned with the guidance of the President. While Lagarde gave important clues in previous meetings and prepared the markets for the next move, the reaction of the President to the September interest rate cut scenario, which is insisted on in the swap market, is important. The daily loss for the parity, which closed at 1.3003 on the previous trading day, was 0.05%. The RSI indicator for the parity, which is below its 20-day moving average, is at 73.35, while its momentum is at 102.51. The 1.3012 level can be followed in intraday upward movements. If this level is exceeded, the 1.3022 and 1.3028 resistances may become important. In possible pullbacks, 1.2990 and 1.2980 will be followed as support levels. Support: 1.2990 – 1.2980 Resistance: 1.3012 – 1.3022