GBP/USD may fall 12 - 32 pips

Pivot

1.2910

Our preference

Short positions below 1.2910 with targets at 1.2875 & 1.2855 in extension.

Alternative scenario

Above 1.2910 look for further upside with 1.2925 & 1.2940 as targets.

Comment

The RSI lacks upward momentum.

Supports and resistances

1.2940

1.2925

1.2910

1.2887 Last

1.2875

1.2855

1.2835

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