GBP/USD may fall 13 - 33 pips

Pivot

1.2735

Our preference

Short positions below 1.2735 with targets at 1.2700 & 1.2680 in extension.

Alternative scenario

Above 1.2735 look for further upside with 1.2755 & 1.2780 as targets.

Comment

A break below 1.2700 would trigger a drop towards 1.2680.

Supports and resistances

1.2780

1.2755

1.2735

1.2713 Last

1.2700

1.2680

1.2660

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