GBPUSD - Technical Analysis: Friday, 17/03/2017 06:12 GMT

The GBPUSD pair succeeded to rise strongly to the upside to touch our first target at 1.2346, as it surpassed this level and settles above it, which support the continuation of the bullish wave to head towards the second target at 1.2430.

Thus, the bullish trend will remain expected for the coming period, noting that surpassing 1.2430 will extend the bullish wave towards 1.2536, while breaking 1.2261 will stop the expected rise and push the price to decline again.