GBP/USD may rise to 1.2810 - 1.2890

Pivot

1.2560

Our preference

Long positions above 1.2560 with targets at 1.2810 & 1.2890 in extension.

Alternative scenario

Below 1.2560 look for further downside with 1.2450 & 1.2300 as targets.

Comment

The RSI is mixed with a bullish bias.

Supports and resistances

1.3140

1.2890

1.2810

1.2700 Last

1.2560

1.2450

1.2300

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