GBP/USD may rise 17 - 32 pips

Pivot

1.2845

Our preference

Long positions above 1.2845 with targets at 1.2885 & 1.2900 in extension.

Alternative scenario

Below 1.2845 look for further downside with 1.2825 & 1.2810 as targets.

Comment

The RSI is bullish and calls for further upside.

Supports and resistances

1.2920

1.2900

1.2885

1.2868 Last

1.2845

1.2825

1.2810

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