GBPUSD - Technical Analysis: Wednesday, 22/03/2017 06:56 GMT

The GBPUSD pair confirmed surpassing 1.2430 level after settling above it, to reinforce the expectations of more rise in the coming period, as our next target is located at 1.2536, noting that surpassing this barrier will push the price to head towards the previously recorded top at 1.2706.

Thus, we expect the continuation of the bullish trend domination on the coming trades, and we should note that breaking 1.2430 might push the price to test 1.2346 and might extend to 1.2261 levels again.