GBPUSD

image

GBPUSD

We left the most important development of the week behind. The US Federal Reserve did not make any changes to the interest rate in line with market expectations, but opened the door to a September interest rate cut on the condition that the data is supportive on the guidance side. While the swap market continues to think about 3 interest rate cuts, the Fed continues to have question marks about going to such an enthusiastic series of cuts. After the Fed, the UK Central Bank BoE interest rate decision and President Bailey's speech will be on the agenda today, and tomorrow will be Non-Farm Employment, Average Hourly Earnings and Unemployment Rate data. The daily loss for the parity, which closed at 1.2853 on the previous trading day, was 0.03%. The RSI indicator for the parity, which is below its 20-day moving average, is at 51.38, while its momentum is at 99.07. The 1.2863 level can be followed in intraday upward movements. If this level is exceeded, the 1.2873 and 1.2881 resistances may become important. In case of possible pullbacks, 1.2837 and 1.2827 will be monitored as support levels. Support: 1.2837 – 1.2827 Resistance: 1.2863 – 1.2873