GBP/USD may fall 32 - 57 pips

Pivot

1.2910

Our preference

Short positions below 1.2910 with targets at 1.2845 & 1.2820 in extension.

Alternative scenario

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

Comment

The RSI is bearish and calls for further downside.

Supports and resistances

1.2940

1.2925

1.2910

1.2877 Last

1.2845

1.2820

1.2800

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