GBP/USD may rise 15 - 35 pips

Pivot

1.2825

Our preference

Long positions above 1.2825 with targets at 1.2865 & 1.2885 in extension.

Alternative scenario

Below 1.2825 look for further downside with 1.2805 & 1.2790 as targets.

Comment

The RSI is bullish and calls for further advance.

Supports and resistances

1.2900

1.2885

1.2865

1.2850 Last

1.2825

1.2805

1.2790

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