GBPUSD

We are trying to get messages about what the next move of important central banks such as the Fed, ECB and BoE will be in light of the latest developments. In the swap market, there are 3 interest rate cuts for the Fed, 2 for the ECB and 1 for the BoE within the pricing area. Although the Fed does not want to create such an enthusiastic series of cuts, it is following optimistic macro developments that may increase the 1 interest rate cut to 2. While current expectations on the ECB front are progressing in harmony, the August 1 meeting on the BoE front is open to surprises and is a candidate to be an important meeting where we will also make sense of the upcoming messages. The daily loss for the parity, which closed at 1.2905 on the previous trading day, was 0.03%. The RSI indicator for the parity, which is below its 20-day moving average, is at 64.06, while its momentum is at 101.56. The 1.2930 level can be followed in intraday upward movements. If this level is exceeded, the 1.2950 and 1.2963 resistances may become important. In case of possible pullbacks, 1.2899 and 1.2884 will be monitored as support levels. Support: 1.2899 – 1.2884 Resistance: 1.2930 – 1.2950