GBPUSD

The GBPUSD pair could not continue the short-term new trend under the uptrend channel and followed a scenario leading to a short-term trend change. The classic dollar index continues a pricing reaction resembling the calm before the storm, close to the 34 and 100-day exponential moving averages (103.50) before critical macroeconomic developments. When we evaluate the GBPUSD pair in the short term, the 200-period average (1.2648) is important, but the pair may want to continue its rise above the average. With this in mind, the 1.2825 peak occupies our agenda, while 1.2720 and 1.2775 were recorded as intermediate resistance points before the peak. It should not be forgotten that permanent movements below the average are needed for the positive expectation regarding the parity to end and for negative thinking to come to the fore again. However, under this condition, the 1.2520 bottom point may occupy our agenda. Support: 1.2645 – 1.2605 Resistance: 1.2720 – 1.2775