GBP/USD may rise 11 - 31 pips

Pivot

1.2790

Our preference

Long positions above 1.2790 with targets at 1.2825 & 1.2845 in extension.

Alternative scenario

Below 1.2790 look for further downside with 1.2770 & 1.2750 as targets.

Comment

The break above 1.2790 is a positive signal that has opened a path to 1.2825.

Supports and resistances

1.2860

1.2845

1.2825

1.2814 Last

1.2790

1.2770

1.2750

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