The GBPUSD paride, which has been stopped its triangle image in 16 April 2019 that has been there for a long time, confirmed the negative expectation toward itself with the refracting in its negative side. With its new situation, it reached to 1,2865 level. The parite, reached to the one of the popular canals od the nagetive trend by Sterlin’s betterment after the last dropping toward ABD Dollar. However, despite its refracting, the parite could not generate any chance in the image of its trend.
Technically, the main trend’s characteristic just like the continuation of the negative trend below the level of 1,3025. Parite may want to draw back to 1,2883, 1,2850 and 1,2800 levels while it is below 1,3025. In this process, the question of whether the parite can perform an increase toward the level of 1,3025 or not is can be answered by following the top point of barrier of negative canal, 1,29445 point, which is included in the trend. Even if parite generate an movement upward, it can be said that the main trend is negative and so that, the possible increases are important in case of taking reaction toward trend.
Main scenario: The negative image continues below the level of 1,3025 for GBPUSD.
The Possible Targets of the Main scenario: 1,2883 – 1,2850 – 1,2800
Alternative scenario: The continuation of reaction taking idea with the permanent movements above the level of 1,2945.
The Possible Targets of the Alternative scenario: 1,2945 – 1,2975 – 1,3025