GBPUSD

The Bank of Japan (BoJ) took a significant step this morning regarding monetary policy by maintaining the interest rate at 0.50%. The decisions from the Fed, which will be announced later in the evening, stand out as the most important development of the week. Possible changes in economic projections, the two rate cuts anticipated by the market, and Chairman Powell's risk assessments are among the factors that could impact asset prices. Therefore, a more dynamic market process is expected in the evening.

The classic Dollar Index is drawing attention due to volatility trends, with a struggle observed between short- and medium-term investors. The Fed's decisions on March 19 are critical for evaluating the second quarter of the year. Meanwhile, optimism persists above the 1.2945 level in the GBPUSD pair, potentially creating room for movement towards the 1.3030, 1.3080, and 1.3130 levels.