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. The Growth and Inflation theme may be our main focus. Growth from the US, Canada and the UK, and the PCE Inflation from the US, which the Fed closely follows, were recorded as the most important calendar data of the week. When we evaluate the GBPUSD pair in the short term, the ending trend zone is under pressure under 1.2724. This attitude strengthens the possibility of a possible pullback towards the 1.2520 bottom. The continuation of the course under the 1.2625 level may confirm this attitude. Otherwise, the thought of a reaction purchase may occupy the agenda. It should not be forgotten that even if such a reaction occurs, the short-term expectation is negative under 1.2724. Support: 1.2585 – 1.2520 Resistance: 1.2625 – 1.2680