GBPUSD - Technical Analysis: Thursday, 06/04/2017 04:56 GMT

The GBPUSD pair shows bearish rebound signals after the rise that appeared yesterday, as it approached from testing the resistance line that appears on the chart below, waiting to attack 1.2430 level and break it to confirm the continuation of the bearish trend on the intraday basis, as our next targets located at 1.2346 then 1.2261.

We remind you that the price rally to surpass 1.2536 will stop the expected decline and lead the price to head towards 1.2706 as a first positive target.