GBPUSD - Technical Analysis: Monday, 05/06/2017 07:30 GMT

The GBPUSD pair showed new test to the previously broken support of the ascending channel and still below it, to keep the bearish trend expected for the coming period, waiting to retest 1.2706 level then turning back to rise again.

Note that surpassing 1.2920 level will lead the price to return to the main bullish trend that its first target located at 1.3077.