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 pressure under 1.2724 continues. This attitude strengthens the possibility of a possible pullback towards the 1.2520 bottom. In particular, the continuation of the course under the 34-period exponential moving average may confirm this attitude. Otherwise, the idea of reaction buying may occupy the agenda, and the recent increases are the most vivid example of this situation. It should not be forgotten that even if such a reaction occurs, the short-term expectation is negative under 1.2724. Support: 1.2590 - 1.2520 Resistance: 1.2645 - 1.2724