GBP/USD may rise 26 - 46 pips

Pivot

1.2985

Our preference

Long positions above 1.2985 with targets at 1.3025 & 1.3045 in extension.

Alternative scenario

Below 1.2985 look for further downside with 1.2965 & 1.2935 as targets.

Comment

Intraday technical indicators are mixed and call for caution.

Supports and resistances

1.3060

1.3045

1.3025

1.2999 Last

1.2985

1.2965

1.2935

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