GBP/USD may rise 17 - 37 pips

Pivot

1.2760

Our preference

Long positions above 1.2760 with targets at 1.2800 & 1.2820 in extension.

Alternative scenario

Below 1.2760 look for further downside with 1.2730 & 1.2710 as targets.

Comment

The RSI is bullish and calls for further upside.

Supports and resistances

1.2840

1.2820

1.2800

1.2783 Last

1.2760

1.2730

1.2710

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