GBP/USD may rise 23 - 53 pips

Pivot

1.2810

Our preference

Long positions above 1.2810 with targets at 1.2860 & 1.2890 in extension.

Alternative scenario

Below 1.2810 look for further downside with 1.2785 & 1.2770 as targets.

Comment

The break above 1.2810 is a positive signal that has opened a path to 1.2860.

Supports and resistances

1.2900

1.2890

1.2860

1.2837 Last

1.2810

1.2785

1.2770

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