GBP/USD may rise 12 - 37 pips

Pivot

1.2715

Our preference

Long positions above 1.2715 with targets at 1.2775 & 1.2800 in extension.

Alternative scenario

Below 1.2715 look for further downside with 1.2695 & 1.2675 as targets.

Comment

The RSI is mixed with a bullish bias.

Supports and resistances

1.2830

1.2800

1.2775

1.2763 Last

1.2715

1.2695

1.2675

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