GBP/USD may rise 21 - 41 pips

Pivot

1.2660

Our preference

Long positions above 1.2660 with targets at 1.2705 & 1.2725 in extension.

Alternative scenario

Below 1.2660 look for further downside with 1.2640 & 1.2615 as targets.

Comment

The RSI lacks downward momentum.

Supports and resistances

1.2740

1.2725

1.2705

1.2684 Last

1.2660

1.2640

1.2615

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