GBPUSD - Technical Analysis: Wednesday, 05/04/2017 06:30 GMT

The GBPUSD pair tested 1.2430 level and settles there, indicating that the price is about to break this level to confirm the continuation of the bearish trend in the coming period, to keep the bearish trend expected on the short term basis.

Our next target is located at 1.2346 then 1.2261, while surpassing 1.2536 will allow the price to stop the current negative pressure and rise towards the recent top at 1.2706 as a next target.