GBPUSD - Technical Analysis: Monday, 20/03/2017 07:17 GMT

The GBPUSD pair rises gradually to approach from our next target at 1.2430, getting support by the exponential moving average 100, which makes us continue with our bullish trend expectations, noting that the price will face the correctional bearish channel's resistance at 1.2420, and it needs to surpass this resistance to confirm the continuation of the bullish trend on the short term and medium term basis.

Overall, the rise will be waited for today conditioned by the price stability above 1.2360 and 1.2261 levels, noting that breaking these level will push the price to suffer expected targets on the medium term basis.