GBP/USD may rise 19 - 39 pips

Pivot

1.2710

Our preference

Long positions above 1.2710 with targets at 1.2760 & 1.2780 in extension.

Alternative scenario

Below 1.2710 look for further downside with 1.2685 & 1.2665 as targets.

Comment

The RSI is bullish and calls for further upside.

Supports and resistances

1.2800

1.2780

1.2760

1.2741 Last

1.2710

1.2685

1.2665

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