GBP/USD may rise 34 - 49 pips

Pivot

1.2650

Our preference

Long positions above 1.2650 with targets at 1.2705 & 1.2720 in extension.

Alternative scenario

Below 1.2650 look for further downside with 1.2635 & 1.2615 as targets.

Comment

The RSI is mixed with a bullish bias.

Supports and resistances

1.2735

1.2720

1.2705

1.2671 Last

1.2650

1.2635

1.2615

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