GBP/USD may fall 19 - 44 pips

Pivot

1.2870

Our preference

Short positions below 1.2870 with targets at 1.2830 & 1.2805 in extension.

Alternative scenario

Above 1.2870 look for further upside with 1.2890 & 1.2910 as targets.

Comment

The upward potential is likely to be limited by the resistance at 1.2870.

Supports and resistances

1.2910

1.2890

1.2870

1.2849 Last

1.2830

1.2805

1.2780

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