GBP/USD may rise to 1.2800 - 1.2890

Pivot

1.2460

Our preference

Long positions above 1.2460 with targets at 1.2800 & 1.2890 in extension.

Alternative scenario

Below 1.2460 look for further downside with 1.2300 & 1.2180 as targets.

Comment

The RSI shows upside momentum.

Supports and resistances

1.2995

1.2890

1.2800

1.2740 Last

1.2460

1.2300

1.2180

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