GBP/USD may rise 17 - 32 pips

Pivot

1.2625

Our preference

Long positions above 1.2625 with targets at 1.2665 & 1.2680 in extension.

Alternative scenario

Below 1.2625 look for further downside with 1.2610 & 1.2590 as targets.

Comment

The RSI calls for a bounce.

Supports and resistances

1.2700

1.2680

1.2665

1.2648 Last

1.2625

1.2610

1.2590

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