GBP/USD may fall 10 - 30 pips

Pivot

1.2655

Our preference

Short positions below 1.2655 with targets at 1.2620 & 1.2600 in extension.

Alternative scenario

Above 1.2655 look for further upside with 1.2670 & 1.2690 as targets.

Comment

The RSI is bearish and calls for further downside.

Supports and resistances

1.2690

1.2670

1.2655

1.2630 Last

1.2620

1.2600

1.2580

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