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 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 1.2740, 1.2775 and 1.2825 occupy our agenda, and the question of whether the reaction the parity will give at the 34-day average level of 1.2740 will be 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 1.2700 is the main support, but permanent movements below 1.2700 are needed for the pressure to invalidate our current scenario. However, under this condition, the bottom point of 1.2520 may occupy our agenda. Support: 1.2700 – 1.2655 Resistance: 1.2740 – 1.2775