GBPUSD - Technical Analysis: Friday, 24/04/2015 08:08 GMT

The price bullish rebound after touching the previously waited target around 1.4660 and holding above the breached descending channel’s resistance, technical factors that push the price to continue with the bullish trend on the short term and medium term basis.

The exponential moving averages 50 and 100 support the bullish wave, waiting for additional motives from the major technical indicators.