GBP/USD may fall 21 - 41 pips

Pivot

1.2920

Our preference

Short positions below 1.2920 with targets at 1.2870 & 1.2850 in extension.

Alternative scenario

Above 1.2920 look for further upside with 1.2940 & 1.2960 as targets.

Comment

A break below 1.2870 would trigger a drop towards 1.2850.

Supports and resistances

1.2960

1.2940

1.2920

1.2891 Last

1.2870

1.2850

1.2830

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