GBP/USD may fall 18 - 43 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

A break below 1.2835 would trigger a drop towards 1.2810.

Supports and resistances

1.2935

1.2910

1.2885

1.2853 Last

1.2835

1.2810

1.2790

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