GBP/USD may rise 36 - 56 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 1.2925 & 1.2900 as targets.

Comment

The RSI is mixed with a bullish bias.

Supports and resistances

1.3080

1.3040

1.3020

1.2984 Last

1.2960

1.2925

1.2900

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