GBP/USD may rise 31 - 56 pips

Pivot

1.2705

Our preference

Long positions above 1.2705 with targets at 1.2775 & 1.2800 in extension.

Alternative scenario

Below 1.2705 look for further downside with 1.2675 & 1.2650 as targets.

Comment

The RSI is bullish and calls for further upside.

Supports and resistances

1.2830

1.2800

1.2775

1.2744 Last

1.2705

1.2675

1.2650

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