GBPUSD reached previos bottom

The parity retreated in the channel pricing and it is recovering by taking reaction from the trend and by the help of the decrease in USD index. In the continuation of the pricing of the parity, which we think will end soon, if 1.2870 level, which is the 50-period simple moving average marking the upper barrier of the channel, is exceeded, the desire to increase may reach 1.2890 and 1.2920 resistance levels subsequently. In the parity, possible decreases might be suppressed at the trend line and if this area is broken downwards, the selling movement may accelerate through 1.2830 and 1.2800 support levels.