GBP/USD may rise 33 - 49 pips

Our pivot point stands at 1.2743.

Our preference

As long as 1.2743 is support look for 1.2817.

Alternative scenario

Below 1.2743, expect 1.2716 and 1.2700.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.2766 and 1.2762).

Supports and resistances

1.2850 **

1.2834 *

1.2817 **

1.2801

1.2768 last

1.2754

1.2743 **

1.2716 *

1.2700 **

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