GBPUSD - Technical Analysis: Tuesday, 28/03/2017 05:41 GMT

The GBPUSD pair confirmed surpassing 1.2536 level after closing the daily candlestick above it, to confirm the continuation of the bullish trend that moves inside the ascending channel that appears on the chart below, preparing to continue the rise that its next target located at 1.2706.

Note that breaking 1.2536 will put the price under potential negative pressure and might push trades to return to the correctional bearish trend again.