GBPUSD - Technical Analysis: Monday, 13/03/2017 06:19 GMT

The GBPUSD pair keeps moving within sideways range appears on the chart below, while the exponential moving average 100 still pushing negatively on the price, to keep the bearish trend expectations valid, and the price needs to confirm breaking 1.2156 to rally towards the recent low at 1.1986.

Thus, the bearish trend will remain expected for the coming period unless the price surpassed 1.2261 level, and we remind you that surpassing this level will push the price to attempt to return to the main bullish trend.