GBPUSD - Technical Analysis: Wednesday, 29/03/2017 08:39 GMT

The GBPUSD pair declined strongly yesterday to break the important support levels 1.2536 and 1.2430, which puts the price within the correctional bearish track again, heading towards potential test to 1.2346 then 1.2261 areas in the coming period.

Thus, we expect the domination of the bearish trend on the coming trades, noting that rallying bullishly to surpass 1.2536 will allow the price to return to the main bullish trend again.