GBP/USD may fall 7 - 37 pips

Pivot

1.2910

Our preference

Short positions below 1.2910 with targets at 1.2875 & 1.2845 in extension.

Alternative scenario

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

Comment

As long as the resistance at 1.2910 is not surpassed, the risk of the break below 1.2875 remains high.

Supports and resistances

1.2940

1.2925

1.2910

1.2882 Last

1.2875

1.2845

1.2820

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