GBPUSD - Technical Analysis: Monday, 01/08/2017 03:51 GMT

The GBPUSD pair succeeded to touch our waited target at 1.3200 and moves above it now, noting that the door is open to head towards our next target at 1.3350.

Thus, the bullish trend will remain expected in the coming period, organized by the ascending channel that carries the price from 1.2588 areas, noting that settling above 1.3125 represents the first condition to continue the expected rise.