GBP/USD may fall 23 - 38 pips

Pivot

1.2930

Our preference

Short positions below 1.2930 with targets at 1.2875 & 1.2860 in extension.

Alternative scenario

Above 1.2930 look for further upside with 1.2945 & 1.2960 as targets.

Comment

The RSI advocates for further downside.

Supports and resistances

1.2960

1.2945

1.2930

1.2898 Last

1.2875

1.2860

1.2840

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