GBP/USD may rise to 1.3144 - 1.3300

Pivot

1.2730

Our preference

Long positions above 1.2730 with targets at 1.3144 & 1.3300 in extension.

Alternative scenario

Below 1.2730 look for further downside with 1.2610 & 1.2515 as targets.

Comment

The RSI is bullish and calls for further advance.

Supports and resistances

1.3750

1.3300

1.3144

1.3012 Last

1.2730

1.2610

1.2515

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