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 (1.2667) is important, but the pair may want to continue its negative outlook under the relevant average. With this in mind, a decline towards the supports of 1.2520, 1.2480 and 1.2440 can be observed. In particular, permanent movements below the 1.2480 level can strengthen the current pressure even more. 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 1.2825 level can be observed under this condition. Support: 1.2480 Resistance: 1.2667