GBPUSD

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GBPUSD

The more than expected cooling of employment data in the US caused recession concerns to be fueled, while the 10-year Treasury bond yield remained under pressure. This situation allowed the pressure on the Dollar Index to continue, while EURUSD found room for upward movement. ISM services PMI can be monitored during the day. The daily loss for the parity, which closed at 1.2796 on the previous trading day, was 0.09%. The RSI indicator for the parity, which is below its 20-day moving average, is at 46.22, while its momentum is at 98.85. The 1.2779 level can be monitored in intraday downward movements. If this level is broken, the supports at 1.2762 and 1.2747 may become important. In possible increases, 1.2811, 1.2826 and 1.2843 will be monitored as resistance levels. Support: 1.2779 – 1.2762 Resistance: 1.2811 – 1.2826