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 is bearish and calls for further decline.

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.