GBP/USD may rise 23 - 43 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 break above 1.2660 is a positive signal that has opened a path to 1.2705.

Supports and resistances

1.2740

1.2725

1.2705

1.2682 Last

1.2660

1.2640

1.2615

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