GBP/USD may fall 26 - 46 pips

Pivot

1.2915

Our preference

Short positions below 1.2915 with targets at 1.2870 & 1.2850 in extension.

Alternative scenario

Above 1.2915 look for further upside with 1.2930 & 1.2940 as targets.

Comment

The break below 1.2915 is a negative signal that has opened a path to 1.2870.

Supports and resistances

1.2940

1.2930

1.2915

1.2896 Last

1.2870

1.2850

1.2830

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