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GBPUSD






5/23/2017 3:25:30 AM

GBPUSD - Technical Analysis: Tuesday, 23/05/2017 07:25 GMT



The GBPUSD pair moves near the minor ascending channel's resistance, waiting a confirmed breach to this resistance to support the expectations of continuing the bullish trend, as our next target is located at 1.3077, and extend to reach 1.3200 after surpassing the previous level.

On the other hand, we remind you that the positive effect of the triple bottom pattern still valid, to support the continuation of the expected bullish trend, which requires settling above 1.2860 to guarantee its continuation.


Target
Risk


Support
Resistance


Trend Bullish

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