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) and the 34-day average (1.2743) are important, but the pair may want to continue its rise above the relevant zone. 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 1.2825 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: 1.2743 – 1.2700 Resistance: 1.2825 – 1.2875