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. The reaction sale observed in the Dollar Index may bring an increase in the GBPUSD pair. When we evaluate the GBPUSD pair in the short term, the ending trend and the 200-period exponential moving average of 1.2638 are important, but the pair may want to adapt to its new positive outlook in the relevant region. With this in mind, an increase can be observed towards the levels of 1.2720 and 1.2775, especially 1.2675. In particular, permanent movements above 1.2720 may further strengthen the current positive desire. It should not be forgotten that permanent movements below the 1.2638 region are needed if the pair wants to return to the negative trend it has ended. However, a new pricing reaction towards the 1.2520 bottom point can be observed under this condition. Support: 1.2635 Resistance: 1.2720