GBP/USD may fall 17 - 37 pips

Pivot

1.2805

Our preference

Short positions below 1.2805 with targets at 1.2770 & 1.2750 in extension.

Alternative scenario

Above 1.2805 look for further upside with 1.2825 & 1.2845 as targets.

Comment

The RSI advocates for further decline.

Supports and resistances

1.2845

1.2825

1.2805

1.2787 Last

1.2770

1.2750

1.2730

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