GBP/USD may rise 23 - 53 pips

Pivot

1.2990

Our preference

Long positions above 1.2990 with targets at 1.3050 & 1.3080 in extension.

Alternative scenario

Below 1.2990 look for further downside with 1.2965 & 1.2940 as targets.

Comment

The RSI is bullish and calls for further upside.

Supports and resistances

1.3100

1.3080

1.3050

1.3027 Last

1.2990

1.2965

1.2940

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