GBP/USD may fall 23 - 43 pips

Pivot

1.2715

Our preference

Short positions below 1.2715 with targets at 1.2660 & 1.2640 in extension.

Alternative scenario

Above 1.2715 look for further upside with 1.2735 & 1.2755 as targets.

Comment

The RSI calls for a new downleg.

Supports and resistances

1.2755

1.2735

1.2715

1.2683 Last

1.2660

1.2640

1.2610

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