GBPUSD - Technical Analysis: Tuesday, 18/04/2017 06:05 GMT

The GBPUSD pair confirmed surpassing 1.2536 level after closing the daily candlestick above it, to support continuing the bullish trend on the short term basis, waiting to head towards 1.2706 as a first main target.

The price stability above 1.2536 is important to continue the expected bullish trend, as breaking it will push the price to head towards the most important support to the short term trades at 1.2430, which breaking it represents negative factor that will push trades to return to the correctional bearish trend again.