GBPUSD

The GBPUSD pair could not continue the short-term new trend under the uptrend channel and followed a scenario leading to a short-term trend change. When we evaluate the GBPUSD pair in the short term, despite the recent declines, the 200-period exponential moving average (1.2675), which we explained as a reference indicator, maintains its importance, while the pair may want to continue its rise as long as it remains above the relevant average. With this in mind, it can create a movement area towards the barriers of 1.2782, 1.2825 and 1.2875. In particular, the 1.2782 level should be followed carefully to answer the question of whether it is a confirmation of the uptrend rally or a reaction sale. It should not be forgotten that permanent movements below the average are needed for the perspective on the parity to shift to negative in a possible pullback. However, under this condition, the 1.2480 - 1.2520 region may occupy our agenda. Support: 1.2520 Resistance: 1.2782