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GBPUSD






5/19/2017 1:48:10 AM

GBPUSD - Technical Analysis: Friday, 19/05/2017 05:48 GMT



The GBPUSD pair approached from our first waited target at 1.3077, showing clear decline to test the minor ascending channel's support, noticing that the price attempts to recover now and return to rise again.

Thus, the bullish trend will remain dominant in the coming period, and surpassing 1.3077 will open the door to head towards 1.3200 mainly, noting that settling above 1.2860 represents important condition to continue the expected rise.


Target
Risk


Support
Resistance


Trend Bullish

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