GBPUSD - Technical Analysis: Monday, 21/08/2017 04:33 GMT

The GBPUSD pair continues to fluctuate near the important support 1.2850, noticing that the price begins to breach the resistance line of the falling wedge pattern that appears on the chart below, supporting the expectations of continuing the bullish trend in the coming period, waiting to achieve positive targets that start by surpassing 1.2930 to confirm extending the bullish wave towards 1.3000 then 1.3108.

Thus, we expect heading to the upside on the intraday and short term basis conditioned by settling above 1.2850.