GBP/USD may rise 71 - 96 pips

Pivot

1.2755

Our preference

Long positions above 1.2755 with targets at 1.2840 & 1.2865 in extension.

Alternative scenario

Below 1.2755 look for further downside with 1.2705 & 1.2675 as targets.

Comment

The RSI is mixed with a bullish bias.

Supports and resistances

1.2895

1.2865

1.2840

1.2769 Last

1.2755

1.2705

1.2675

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