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. When we evaluate the GBPUSD pair in the short term, the uptrend bottom point (1.2720) is important, but if the pair can continue to stay above the relevant region, it may want to continue its rise. With this in mind, the levels of 1.2775, 1.2825 and 1.2875 occupy our agenda, and the reaction the parity will give at the 34-day average level of 1.2775 should also be followed to answer the question of whether it will be a reaction sale or a trend rally. In the event of a possible reaction sale, it should not be forgotten that 1.2720 is the main support, but permanent movements below 1.2720 are needed for the pressure to invalidate our current scenario. However, under this condition, the bottom point of 1.2605 may occupy our agenda. Support: 1.2720 – 1.2605 Resistance: 1.2775 – 1.2825