GBP/USD may rise 18 - 33 pips

Pivot

1.2685

Our preference

Long positions above 1.2685 with targets at 1.2720 & 1.2735 in extension.

Alternative scenario

Below 1.2685 look for further downside with 1.2675 & 1.2660 as targets.

Comment

The RSI is bullish and calls for further advance.

Supports and resistances

1.2765

1.2735

1.2720

1.2702 Last

1.2685

1.2675

1.2660

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