GBP/USD may rise 13 - 38 pips

Pivot

1.2775

Our preference

Long positions above 1.2775 with targets at 1.2815 & 1.2840 in extension.

Alternative scenario

Below 1.2775 look for further downside with 1.2750 & 1.2725 as targets.

Comment

The RSI calls for a bounce.

Supports and resistances

1.2865

1.2840

1.2815

1.2802 Last

1.2775

1.2750

1.2725

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