GBPUSD - Technical Analysis: Monday, 06/03/2017 06:27 GMT

The GBPUSD pair still around 1.2261 level, and the exponential moving average 100 forms negative pressure against the price, to keep the bullish trend expected in the coming period, especially that RSI moves at the overbought areas.

Trading below 1.2261 is required to confirm heading towards our next target at 1.2156, while surpassing 1.2346 will push the price to rise and test the most important resistance for the short term trades at 1.2430.