GBP/USD may fall 16 - 31 pips

Pivot

1.2830

Our preference

Short positions below 1.2830 with targets at 1.2790 & 1.2775 in extension.

Alternative scenario

Above 1.2830 look for further upside with 1.2845 & 1.2860 as targets.

Comment

A break below 1.2790 would trigger a drop towards 1.2775.

Supports and resistances

1.2860

1.2845

1.2830

1.2806 Last

1.2790

1.2775

1.2755

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