GBP/USD may rise 7 - 22 pips

Pivot

1.2815

Our preference

Long positions above 1.2815 with targets at 1.2845 & 1.2860 in extension.

Alternative scenario

Below 1.2815 look for further downside with 1.2800 & 1.2780 as targets.

Comment

The RSI is bullish and calls for further advance.

Supports and resistances

1.2890

1.2860

1.2845

1.2838 Last

1.2815

1.2800

1.2780

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