GBP/USD may rise to 1.3145 - 1.3740

Pivot

1.1780

Our preference

Long positions above 1.1780 with targets at 1.3145 & 1.3740 in extension.

Alternative scenario

Below 1.1780 look for further downside with 1.1480 & 1.0850 as targets.

Comment

The RSI shows upside momentum.

Supports and resistances

1.4250

1.3740

1.3145

1.2740 Last

1.1780

1.1480

1.0850

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