GBP/USD may rise 13 - 33 pips

Pivot

1.2675

Our preference

Long positions above 1.2675 with targets at 1.2705 & 1.2725 in extension.

Alternative scenario

Below 1.2675 look for further downside with 1.2660 & 1.2640 as targets.

Comment

The RSI is bullish and calls for further upside.

Supports and resistances

1.2740

1.2725

1.2705

1.2692 Last

1.2675

1.2660

1.2640

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