GBP/USD may rise 25 - 60 pips

Pivot

1.2865

Our preference

Long positions above 1.2865 with targets at 1.2945 & 1.2980 in extension.

Alternative scenario

Below 1.2865 look for further downside with 1.2845 & 1.2825 as targets.

Comment

The RSI is bullish and calls for further upside.

Supports and resistances

1.3000

1.2980

1.2945

1.2920 Last

1.2865

1.2845

1.2825

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