GBP/USD may rise 22 - 42 pips

Pivot

1.2785

Our preference

Long positions above 1.2785 with targets at 1.2825 & 1.2845 in extension.

Alternative scenario

Below 1.2785 look for further downside with 1.2770 & 1.2750 as targets.

Comment

The RSI is mixed with a bullish bias.

Supports and resistances

1.2870

1.2845

1.2825

1.2803 Last

1.2785

1.2770

1.2750

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