GBP/USD may rise 28 - 48 pips

Pivot

1.2685

Our preference

Long positions above 1.2685 with targets at 1.2755 & 1.2775 in extension.

Alternative scenario

Below 1.2685 look for further downside with 1.2670 & 1.2650 as targets.

Comment

The RSI is mixed with a bullish bias.

Supports and resistances

1.2800

1.2775

1.2755

1.2727 Last

1.2685

1.2670

1.2650

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