GBPUSD

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GBPUSD

The Fed decisions starting this evening are highly anticipated in the markets. Potential changes in economic projections and expectations regarding interest rate cuts could impact asset prices alongside President Powell's statements. A more active process is expected tomorrow evening. Additionally, the meeting between Putin and Trump, as well as the ZEW Economic Sentiment data coming from Germany, will also be monitored.

The Dollar Index reflects the conflict between short-term sellers and medium-term buyers. The impact of the Fed decisions is critically important for market analysis. While medium-term buyers remain optimistic above the 200-week average, maintaining above the 1.2855 level in the GBPUSD pair could support upward movement. Key levels to watch are 1.2855 and 1.3030.

Support :

1.2945 - 1.29 - 1.2855

Resistance :

1.299 - 1.303 - 1.308