GBP/USD may rise 18 - 43 pips

Pivot

1.2760

Our preference

Long positions above 1.2760 with targets at 1.2810 & 1.2835 in extension.

Alternative scenario

Below 1.2760 look for further downside with 1.2735 & 1.2720 as targets.

Comment

The RSI shows upside momentum.

Supports and resistances

1.2865

1.2835

1.2810

1.2792 Last

1.2760

1.2735

1.2720

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