GBPUSD - Technical Analysis: Thursday, 17/08/2017 04:23 GMT

The GBPUSD pair shows bullish bias after consolidating above 1.2850 level, to support the expectations of turning back to the main bullish trend after the bearish correction that dominated the recent trades, waiting to achieve our positive targets that reach to 1.3000 then 1.3108 on the near term basis.

Thus, we are waiting for more rise in the coming period conditioned by settling above the most important support to the short term trades at 1.2850.