GBPUSD - Technical Analysis: Friday, 25/08/2017 04:21 GMT

The GBPUSD pair tested the descending channel's resistance and kept its stability below it, to keep the bearish trend expected for today, waiting to test 1.2750 level as a first target, noting that breaking this level will lead the price to head towards the previously recorded low at 1.2588.

Surpassing 1.2850 level is considered as the first key to return to the main bullish trend again and stop the expected bearish wave.