GBPUSD - Technical Analysis: Monday, 28/08/2017 04:21 GMT

The GBPUSD pair achieved some gains in the previous sessions to reach the important resistance 1.2930, starting today with a slight decline on its way to resume the bearish trend again, waiting to break 1.2850 to confirm the continuation of the bearish trend in the coming period, which its next target located at 1.2750.

It is important to note that surpassing 1.2930 will push the price to achieve more gains on the short term basis, which reach to 1.3000 then 1.3108 mainly.