GBPUSD

As is known, the main agenda items of this week are recorded as US 2nd Quarter Growth, Fed's Inflation indicator PCE (Personal Consumption Expenditures), Germany Manufacturing PMI, US and UK Services PMI (Wednesday). In today's calendar, we will focus on the leading indicator of growth in the Services and Manufacturing sector, PMI data. The dollar index, and therefore EURUSD and GBPUSD, may increase intraday volatility with leading PMI data and take another stage in the short-term buyer-seller struggle. The daily loss for the parity, which closed at 1.2886 on the previous trading day, was 0.16%. The RSI indicator for the parity, which is below its 20-day moving average, is at 56.02, while its momentum is at 100.62. The 1.2906 level can be followed in intraday upward movements. If this level is exceeded, the 1.2925 and 1.2937 resistances may become important. In case of possible pullbacks, 1.2875, 1.2863 and 1.2844 will be monitored as support levels. Support: 1.2875 – 1.2863 Resistance: 1.2906 – 1.2925