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 34 and 200-period exponential moving averages (1.2670 - 1.2708 region), which we explained as reference indicators, are important, but the pair may want to continue its rise on the relevant averages. With this in mind, a movement area may form towards the 1.2730, 1.2782 and 1.2825 barriers. In particular, the 1.2782 level can also be followed to answer the question of whether it will confirm the current rise expectation. It should not be forgotten that permanent movements are needed below the averages in order for the perspective on the parity to shift to negative in a possible pullback. However, under this condition, the 1.2480 - 1.2520 region may occupy our agenda. Support: 1.2592 Resistance: 1.2782