GBP/USD may rise 17 - 32 pips

Pivot

1.2900

Our preference

Long positions above 1.2900 with targets at 1.2940 & 1.2955 in extension.

Alternative scenario

Below 1.2900 look for further downside with 1.2875 & 1.2850 as targets.

Comment

The RSI is bullish and calls for further upside.

Supports and resistances

1.2995

1.2955

1.2940

1.2923 Last

1.2900

1.2875

1.2850

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