GBPUSD
The new week's dynamics are shaped by central bank presidents' presentations. Events featuring Fed Chairman Powell, Cleveland Fed President Hammack, New York Fed President Williams, Atlanta Fed President Bostic, and BoE Governor Bailey will be closely monitored. Key data include U.S. CPI for January, Core Retail Sales, Eurozone and UK Q4 growth, and CPI data from Germany and Switzerland.
The Classic Dollar Index remains optimistic above the 233-day exponential moving average (105.05). Starting the week above the 34-day average (107.75), it influences short-term pressure on EURUSD and GBPUSD. GBPUSD remains below the 144 and 233-period averages, potentially pressuring 1.2230, with 1.2360 as temporary support.
Support :
Resistance :