GBP/USD may fall 19 - 44 pips

Pivot

1.2885

Our preference

Short positions below 1.2885 with targets at 1.2835 & 1.2810 in extension.

Alternative scenario

Above 1.2885 look for further upside with 1.2910 & 1.2935 as targets.

Comment

The RSI is bearish and calls for further downside.

Supports and resistances

1.2935

1.2910

1.2885

1.2854 Last

1.2835

1.2810

1.2790

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