GBPUSD

The GBPUSD pair could not continue the new short-term 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, the 200-period exponential moving average (1.2674) is important, and the parity has created a pricing behavior that has ended the positive thinking with its recent movements. With this thought, a decline towards the supports of 1.2565, 1.2520 and 1.2480 can be observed. In particular, permanent movements below the level of 1.2565 can further strengthen the current pressure. Otherwise, a recovery towards the average can be observed. In such a recovery, it should not be forgotten that while the course under the indicator continues negatively, permanent movements above the averages are needed for the current scenario to be considered invalid. However, a new pricing reaction towards the level of 1.2825 can be observed under this condition. Support: 1.2520 Resistance: 1.2782