GBP/USD may rise 22 - 42 pips

Pivot

1.2760

Our preference

Long positions above 1.2760 with targets at 1.2810 & 1.2830 in extension.

Alternative scenario

Below 1.2760 look for further downside with 1.2740 & 1.2725 as targets.

Comment

Technically the RSI is above its neutrality area at 50.

Supports and resistances

1.2850

1.2830

1.2810

1.2788 Last

1.2760

1.2740

1.2725

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