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GBPUSD






4/3/2017 3:22:30 AM

GBPUSD - Technical Analysis: Monday, 03/04/2017 07:22 GMT



The GBPUSD pair continued its rise to test the important resistance 1.2536 and fluctuates around it, noting that the price is below the resistance line that appears on the chart below, to keep the decline expected for the coming period, waiting to visit 1.2430 level initially.

Note that the price rally to surpass 1.2545 will stop the expected decline and push the price to achieve more rise that reach to 1.2706 initially.


Target
Risk


Support
Resistance


Trend Bearish

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