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. When we evaluate the GBPUSD pair in the short term, we see that the positive trend it started at 1.2535 was broken with the recent movements, but it did not gain confirmation since no permanent reaction was observed below the 1.2605 level. For this reason, with the critical developments during the day, we will reach the answer to the question of whether the pair will return to the trend it ended or adapt to the new negative outlook. It should not be forgotten that permanent movements below the 1.2605 level are needed for adaptation to the new negative outlook (in such a scenario, the 1.2520 bottom point is on our agenda), and permanent movements above 1.2675 are needed for returning to the trend it ended (in such a scenario, the 1.2825 peak point is on our agenda). Support: 1.2605 Resistance: 1.2675