GBPUSD

In the middle of the week, the upward movement of the US 10-year Treasury bond yield put pressure on the GBPUSD pair. After the markets eased their recession concerns, the effect of the increase in the 10-year yield began to be felt. On the other hand, the Dollar Index is also putting pressure on it with the support of the recovery in the 10-year interest rate. The daily gain for the pair, which closed at 1.2717 on the previous trading day, was 0.20%. The RSI indicator for the currency, which is below its 20-day moving average, is at 40.68, while its momentum is at 98.33. The 1.2692 level can be followed in intraday downward movements. If this level is broken, the supports at 1.2668 and 1.2654 may become important. In possible increases, 1.2730, 1.2744 and 1.2768 will be monitored as resistance levels. Support: 1.2692 – 1.2668 Resistance: 1.2730 – 1.2744