Although the GBPUSD parity pushed its upward exit from the 1,2605 level to the top of the downward trend of the 1.2760 barrier, but continues ahead of its negative trend expectations as it fails to pass the relevant level. The results of CB Consumer Confidence and S & P / CS Composite-20 HPI data from the United States today are important to see whether the pair will continue to display a downward trend.
Main scenario: GBPUSD parity continues to look negative below the 1.2760 barrier at the top of the downward trend. With this in mind, the trend rally can be seen towards the support points of 1.2605 and 1.2560 especially 1.22645. In particular, movements below the 1,2605 level may make the negative outlook stronger, and the bottom line of 2019 may want to approach the 1.2421 level. Otherwise, intrusive reactions may occupy the agenda again. In this process, the possible response levels before the 1,2760 barrier were recorded as 1,2685 and 1,2715.
Alternative Scenario: For the end of the negative trend outlook for GBPUSD parity, it is necessary to pass the 1.2760 barrier. In the case of a trend change, a positive outlook can be observed towards the 1,2815 and 1,2925 barriers, especially in the event of such a change, and in the event of such a change, the exit towards the 1,3175 barrier which it tested in the beginning of May can be observed.
Support: 1,2645 – 1,2605 – 1,2560
Resistance: 1,2685 – 1,2715 – 1,2760