GBPUSD

The GBPUSD pair could not continue the new short-term trend under the rising channel and followed a scenario leading to a short-term trend change. Although the reaction sale observed in the Dollar Index brought an increase in EURUSD and GBPUSD pairs, it is not enough. When we evaluate the GBPUSD pair in the short term, it follows a profile that questions its negative trend as a result of recent movements. Although the levels of 1.2605 and 1.2670 are being followed at this stage, permanent movements outside the relevant levels are needed for clearer movements. In the continuation of the negative trend, permanent movements below 1.2605 and with this thought, the continuation of the pressure towards the level of 1.2480, In the end of the negative trend, permanent movements above 1.2670 and with this thought, a new pricing reaction towards the level of 1.2825 can be observed. Support: 1.2605 Resistance: 1.2670