GBPUSD

The decline in the US 10-year Treasury bond yield limited the declines in the GBPUSD pair. After the markets eased their recession concerns, the 10-year yield fell back to 3.90%. On the other hand, the Dollar Index is also paving the way for increases in the GBPUSD pair. The daily loss for the pair, which closed at 1.2679 on the previous trading day, was 0.10%. The RSI indicator for the pair, which is below its 20-day moving average, is at 36.89, while its momentum is at 98.23. The 1.2704 level can be followed in intraday upward movements. If this level is exceeded, the 1.2712 and 1.2724 resistances may become important. In possible pullbacks, 1.2672, 1.2666 and 1.2653 will be monitored as support levels. . Support: 1.2672 – 1.2666 Resistance: 1.2704 – 1.2712