GBP/USD may rise 29 - 44 pips

Pivot

1.2820

Our preference

Long positions above 1.2820 with targets at 1.2885 & 1.2900 in extension.

Alternative scenario

Below 1.2820 look for further downside with 1.2805 & 1.2790 as targets.

Comment

The RSI advocates for further advance.

Supports and resistances

1.2920

1.2900

1.2885

1.2856 Last

1.2820

1.2805

1.2790

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