GBP/USD may rise 17 - 32 pips

Pivot

1.2750

Our preference

Long positions above 1.2750 with targets at 1.2795 & 1.2810 in extension.

Alternative scenario

Below 1.2750 look for further downside with 1.2735 & 1.2720 as targets.

Comment

The RSI is bullish and calls for further upside.

Supports and resistances

1.2835

1.2810

1.2795

1.2778 Last

1.2750

1.2735

1.2720

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