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. When we evaluate the GBPUSD pair in the short term, it is observed that the pair is experiencing a decline due to the appreciation of the Dollar. The upward movement observed in the Dollar index is pressuring the pair downward. The daily loss for the pair, which closed at 1.2738 on the previous trading day, was 0.12%. The RSI indicator for the pair, which is below its 20-day moving average, is at 53.24, while its momentum is at 100.61. The 1.2742 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 1.2756, 1.2774 and 1.2787 may become important. In possible pullbacks, 1.2725, 1.2711 and 1.2693 will be monitored as support levels. Support: 1.2725 – 1.2711 Resistance: 1.2742 – 1.2756