GBP/USD may rise 15 - 30 pips

Pivot

1.2640

Our preference

Long positions above 1.2640 with targets at 1.2690 & 1.2705 in extension.

Alternative scenario

Below 1.2640 look for further downside with 1.2610 & 1.2590 as targets.

Comment

The break above 1.2640 is a positive signal that has opened a path to 1.2690.

Supports and resistances

1.2735

1.2705

1.2690

1.2675 Last

1.2640

1.2610

1.2590

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