GBPUSD - Technical Analysis: Wednesday, 31/08/2017 03:40 GMT

The GBPUSD pair could not manage to surpass 1.2930 level, to settle below it now, which indicates falling under potential negative pressure that might push trades to test 1.2850 again, which requires monitoring the coming trades carefully.

Note that the next trend depends on surpassing one of the above mentioned important levels, as surpassing 1.2930 to the upside will lead the price to achieve gains that start at 1.3000 and extend to 1.3008, while breaking 1.2850 will push the price to head towards 1.2750 then 1.2588 on the short term basis.