GBP/USD may rise 24 - 44 pips

Pivot

1.2770

Our preference

Long positions above 1.2770 with targets at 1.2815 & 1.2835 in extension.

Alternative scenario

Below 1.2770 look for further downside with 1.2755 & 1.2740 as targets.

Comment

The RSI calls for a bounce.

Supports and resistances

1.2860

1.2835

1.2815

1.2791 Last

1.2770

1.2755

1.2740

Number of asterisks represents the strength of support and resistance levels.