GBPUSD - Technical Analysis: Monday, 07/08/2017 04:23 GMT

The GBPUSD pair achieved clear break to the ascending channel's resistance and settled above it, which puts the price under more expected negative pressure on the intraday basis, to head towards testing areas that reach to 1.2932 and might extend to 1.2811.

Settling below 1.3080 will keep the bearish trend expected in the coming period, as surpassing this level will bring the price back to the broken channel and resume the main bullish trend again.