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. The reaction sale to be followed in the Dollar Index may bring an increase in the GBPUSD pair. When we evaluate the GBPUSD pair in the short term, the 200-period exponential moving average (1.2640) is important, and the pair may want to continue its positive outlook in the relevant region where it left off. 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. 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