GBPUSD - Technical Analysis: Thursday, 20/07/2017 08:09 GMT

The GBPUSD pair continues to move around 1.3030 level, noticing that the price exits the minor descending channel that appears on the chart below, waiting to get positive momentum that helps the pair to resume the bullish trend, as our next target is located at 1.3200.

We should note that settling with a daily close below 1.3030 will put the price under negative pressure that its targets begin at 1.2900 and extend to 1.2800.