GBP/USD may rise 14 - 29 pips

Pivot

1.2850

Our preference

Long positions above 1.2850 with targets at 1.2885 & 1.2900 in extension.

Alternative scenario

Below 1.2850 look for further downside with 1.2835 & 1.2825 as targets.

Comment

The RSI is bullish and calls for further advance.

Supports and resistances

1.2920

1.2900

1.2885

1.2871 Last

1.2850

1.2835

1.2825

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