GBPUSD

The GBPUSD pair could not continue the new short-term 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, it did not create a willing course to enter the uptrend. The parity, which is under pressure at the 34-period exponential moving average level of 1.2724, is trying to adapt to the new negative outlook. In this respect, the parity may want to continue to be under pressure as long as it remains below 1.2724. The levels of 1.2605, 1.2565 and 1.2520 will occupy our agenda, as well as the question of whether there will be a reaction purchase at 1.2605 or a new negative trend rally may also want to find an answer. Support: 1.2605 – 1.2565 Resistance: 1.2680 – 1.2724