GBPUSD

We are completing a week marked by the messages of important central banks like the ECB and the Fed, as well as the first month of the year. Following yesterday's ECB meeting and the US GDP data, today the Fed's PCE (Personal Consumption Expenditures) inflation indicator will be closely monitored. While the classic Dollar Index shows a medium-term positive outlook above the 233-day average (104.80), it is fluctuating around the 34-day average (107.73) in the short term. Uncertainty continues regarding whether the dollar will strengthen and weaken against the euro and pound. Therefore, the short-term situation of the index is critically important.

In the GBPUSD pair, the range between 1.2395 and 1.2480, where the 55 and 233-period averages lie, stands out as a decisive area. As the Dollar Index attempts to make a decision, it is a point of interest whether the pair can remain above this level or fall below it and enter a negative trend. Just like in DXY, the pricing behavior of averages in GBPUSD should be monitored closely. The important levels for the day have been identified as 1.2395 and 1.2480.