GBP/USD may rise 33 - 53 pips

Pivot

1.2690

Our preference

Long positions above 1.2690 with targets at 1.2755 & 1.2775 in extension.

Alternative scenario

Below 1.2690 look for further downside with 1.2670 & 1.2650 as targets.

Comment

The RSI is bullish and calls for further upside.

Supports and resistances

1.2800

1.2775

1.2755

1.2722 Last

1.2690

1.2670

1.2650

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