GBP/USD may rise 37 - 57 pips

Pivot

1.2960

Our preference

Long positions above 1.2960 with targets at 1.3020 & 1.3040 in extension.

Alternative scenario

Below 1.2960 look for further downside with 1.2920 & 1.2900 as targets.

Comment

The RSI is bullish and calls for further advance.

Supports and resistances

1.3080

1.3040

1.3020

1.2983 Last

1.2960

1.2920

1.2900

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