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 GBPUSD pair in the short term, the 34-period average (1.2775) is important, and the pair may want to continue its rise on the relevant indicator. 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 parity will give at 1.2875 is a reaction sale or a trend rally should also be followed. In the event of a possible reaction sale, it should not be forgotten that while the average is the main support, permanent movements under the indicator are needed for the pressure to invalidate our current scenario. However, under this condition, the 1.2605 bottom point may occupy our agenda. Support: 1.2775 – 1.2763 Resistance: 1.2875 – 1.2930