GBPUSD

We have just passed a week where the messages from critical central banks intensified. Following the European Central Bank (ECB) and US Gross Domestic Product (GDP) data released yesterday, today the Fed's Personal Consumption Expenditures (PCE) inflation indicator will be monitored. The classic Dollar Index shows a medium-term positive outlook above the 233-day average (104.80). However, short-term movements around the 34-day average (107.73) are increasing uncertainty in the markets.

In the GBPUSD pair, the range between 1.2395 and 1.2480, where the 55 and 233-day averages are located, holds critical importance. The pair is showing an indecisive trend within this area. As the Dollar Index tries to find direction, there is curiosity about whether GBPUSD will remain above these levels or dip below, entering a negative trend. Therefore, price behaviors around the averages should be monitored closely. Important levels: 1.2395 and 1.2480.