GBP/USD may fall 43 - 73 pips

Pivot

1.2820

Our preference

Short positions below 1.2820 with targets at 1.2735 & 1.2705 in extension.

Alternative scenario

Above 1.2820 look for further upside with 1.2845 & 1.2865 as targets.

Comment

The break below the support at 1.2820 triggered a bearish acceleration to the support at 1.2735.

Supports and resistances

1.2865

1.2845

1.2820

1.2778 Last

1.2735

1.2705

1.2680

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