GBPUSD - Technical Analysis: Wednesday, 10/05/2017 04:57 GMT

The GBPUSD pair consolidates above the ascending channel's support line, to support the continuation of the expected bullish trend for the coming period, as we are waiting for positive trades that target 1.3077 next, and surpassing this level will push the price to 1.3250.

Thus, we expect witnessing rise today, noting that breaking 1.2920 will put the price under intraday negative pressure that we expect to push trades to test the most important support on the short term basis at 1.2706.