GBPUSD - Technical Analysis: Tuesday, 09/05/2017 04:59 GMT

The GBPUSD pair tested the initial support 1.2935 and kept its stability above it, to keep the bullish trend valid for the coming period, as the price moves inside ascending channel that we are waiting to push the price to extend its gains on the short term basis, to visit 1.3077 then 1.3250 levels.

On the other hand, it is important to note that breaking 1.2900 then 1.2860 levels will push the price to decline towards 1.2706 before turning back to rise.