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 (1.2640) 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, 1.2775 and 1.2825. In particular, permanent movements above 1.2720 may further strengthen the current positive desire. Otherwise, pressure may occur towards the short-term indicator. It should not be forgotten that permanent movements below the 1.2640 region are needed for this pressure and the current scenario to be considered invalid. However, a new pricing reaction towards the 1.2520 bottom point can be observed under this condition. Support: 1.2640 Resistance: 1.2720