GBP/USD may rise 31 - 51 pips

Pivot

1.2735

Our preference

Long positions above 1.2735 with targets at 1.2800 & 1.2820 in extension.

Alternative scenario

Below 1.2735 look for further downside with 1.2710 & 1.2690 as targets.

Comment

The RSI calls for a new upleg.

Supports and resistances

1.2840

1.2820

1.2800

1.2769 Last

1.2735

1.2710

1.2690

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