GBP/USD may rise 46 - 66 pips

Pivot

1.2950

Our preference

Long positions above 1.2950 with targets at 1.3030 & 1.3050 in extension.

Alternative scenario

Below 1.2950 look for further downside with 1.2920 & 1.2895 as targets.

Comment

The RSI is bullish and calls for further advance.

Supports and resistances

1.3080

1.3050

1.3030

1.2984 Last

1.2950

1.2920

1.2895

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