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GBPUSD






5/11/2017 1:04:00 AM

GBPUSD - Technical Analysis: Thursday, 11/05/2017 05:04 GMT



The GBPUSD pair tests the ascending channel's support, and the price needs to settle above this support line to keep the bullish trend dominant for today, noting that our next target is located at 1.3077.

On the wider image, the effect of the triple bottom pattern still valid, to support achieving extended targets that reach to 1.3200, noting that breaking 1.2935 then 1.2860 will stop the expected rise and push the price to visit 1.2706 direct.


Target
Risk


Support
Resistance


Trend Bullish

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