GBP/USD may rise 22 - 37 pips

Pivot

1.2800

Our preference

Long positions above 1.2800 with targets at 1.2845 & 1.2860 in extension.

Alternative scenario

Below 1.2800 look for further downside with 1.2780 & 1.2770 as targets.

Comment

The RSI is bullish and calls for further upside.

Supports and resistances

1.2890

1.2860

1.2845

1.2823 Last

1.2800

1.2780

1.2770

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