GBP/USD may rise 26 - 51 pips

Pivot

1.2745

Our preference

Long positions above 1.2745 with targets at 1.2815 & 1.2840 in extension.

Alternative scenario

Below 1.2745 look for further downside with 1.2725 & 1.2705 as targets.

Comment

The RSI advocates for further upside.

Supports and resistances

1.2865

1.2840

1.2815

1.2789 Last

1.2745

1.2725

1.2705

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