GBPUSD - Technical Analysis: Wednesday, 16/08/2017 04:33 GMT

The GBPUSD pair managed to reach our second target at 1.2850, noting that RSI shows positive signals now that supports the chances of turning back to rise again, waiting for positive trades in the coming period, and the price needs to surpass 1.2930 then 1.3000 to confirm stopping the negative pressure that dominates the recent trades.

Thus, we expect the domination of the bullish trend on the intraday and short term basis, conditioned by the price consolidation above 1.2850.