GBP/USD may fall 11 - 31 pips

Pivot

1.2825

Our preference

Short positions below 1.2825 with targets at 1.2790 & 1.2770 in extension.

Alternative scenario

Above 1.2825 look for further upside with 1.2845 & 1.2860 as targets.

Comment

The RSI is bearish and calls for further downside.

Supports and resistances

1.2860

1.2845

1.2825

1.2801 Last

1.2790

1.2770

1.2750

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