GBPUSD - Technical Analysis: Wednesday, 05/07/2017 06:55 GMT

The GBPUSD pair approached from testing 1.2900 barrier and shows some bullish bias now, to keep the main bullish trend valid until now, waiting to test the recently recorded top at 1.3046 as a first target.

Surpassing the mentioned top will push the price to head towards our next target at 1.3200, while the price needs to settle above 1.2825 level to continue rising and guarantee not falling under the correctional bearish pressure again.