GBP/USD may rise 33 - 53 pips

Pivot

1.2710

Our preference

Long positions above 1.2710 with targets at 1.2760 & 1.2780 in extension.

Alternative scenario

Below 1.2710 look for further downside with 1.2695 & 1.2680 as targets.

Comment

The RSI is mixed to bullish.

Supports and resistances

1.2800

1.2780

1.2760

1.2727 Last

1.2710

1.2695

1.2680

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