GBPUSD

The GBPUSD pair could not continue the short-term new trend under the rising channel and followed a scenario leading to a short-term trend change. When we evaluate the short-term GBPUSD pair, the 1.2720 level is important, but the pair may want to continue its rise above the relevant region. With this in mind, the levels of 1.2825, 1.2875 and 1.2930 occupy our agenda, and the question of whether the reaction the pair will give at the 1.2825 peak will be a reaction sale or a trend rally should also be followed. In the event of a possible reaction sale, the 1.2720 level is the main support, but it should not be forgotten that permanent movements below the 1.2720 region are needed for the pressure to invalidate our current scenario. However, under this condition, the 1.2520 bottom point may occupy our agenda. Support: 1.2775 – 1.2720 Resistance: 1.2825 – 1.2875