GBP/USD may fall 21 - 36 pips

Pivot

1.2880

Our preference

Short positions below 1.2880 with targets at 1.2845 & 1.2830 in extension.

Alternative scenario

Above 1.2880 look for further upside with 1.2895 & 1.2910 as targets.

Comment

The RSI is mixed with a bearish bias.

Supports and resistances

1.2910

1.2895

1.2880

1.2866 Last

1.2845

1.2830

1.2810

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