GBP/USD may rise 31 - 46 pips

Pivot

1.2830

Our preference

Long positions above 1.2830 with targets at 1.2885 & 1.2900 in extension.

Alternative scenario

Below 1.2830 look for further downside with 1.2810 & 1.2790 as targets.

Comment

The break above 1.2830 is a positive signal that has opened a path to 1.2885.

Supports and resistances

1.2920

1.2900

1.2885

1.2854 Last

1.2830

1.2810

1.2790

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