GBPUSD - Technical Analysis: Tuesday, 02/05/2017 13:33 GMT

The GBPUSD pair shows some slight retreat to test 1.2900 level after the rise that it witnessed recently, and the main bullish trend still valid until now, as the effect of the triple bottom pattern continues to push the price towards achieving more potential positive targets, which reach to 1.3077 initially.

Thus, we are waiting for positive trades in the coming period, noting that breaking 1.2850 is required to continue the expected rise for today, as breaking this level will push the price to visit the most important support to the short term trades at 1.2706 before attempting to rise again.