GBP/USD may fall 20 - 35 pips

Pivot

1.2670

Our preference

Short positions below 1.2670 with targets at 1.2625 & 1.2610 in extension.

Alternative scenario

Above 1.2670 look for further upside with 1.2690 & 1.2705 as targets.

Comment

The RSI advocates for further downside.

Supports and resistances

1.2705

1.2690

1.2670

1.2645 Last

1.2625

1.2610

1.2580

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