GBPUSD

The GBPUSD pair could not continue the short-term new 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 has ended its negative trend as a result of recent movements. Although the 1.2605 - 1.2635 region, where the 200-period exponential moving average is also located, is important, an increase can be observed towards the levels of 1.2720 and 1.2775, especially 1.2675. In particular, permanent movements above 1.2720 can further strengthen the current positive desire. Otherwise, it should not be forgotten that permanent movements below the 1.2605 - 1.2635 region are needed if it wants to return to its negative trend. Only under this condition can a new pricing reaction be observed towards the bottom point of 1.2520. Support: 1.2635 Resistance: 1.2720