GBPUSD - Technical Analysis: Thursday, 08/06/2017 09:07 GMT

The GBPUSD pair moved positively yesterday to confirm forming ascending channel that carries the price since the middle of last March, supporting the expectations of continuing the bullish trend on the short term basis, waiting to surpass 1.3045 level to reinforce the expectations of continuing the bullish trend towards our extended targets at 1.3200 then 1.3300.

It is important to note that settling above 1.2840 represents important condition to continue the expected rise and achieve the waited targets.