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 trend intersection zone (1.2700) is important, but if the pair can continue to stay above the relevant zone, 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 that 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 1.2700 are needed for the pressure to invalidate our current scenario. Only under this condition, the bottom point of 1.2520 may occupy our agenda. Support: 1.2700 – 1.2655 Resistance: 1.2775 – 1.2825