GBP/USD may rise 29 - 49 pips

Pivot

1.2820

Our preference

Long positions above 1.2820 with targets at 1.2890 & 1.2910 in extension.

Alternative scenario

Below 1.2820 look for further downside with 1.2800 & 1.2780 as targets.

Comment

The RSI calls for a new upleg.

Supports and resistances

1.2930

1.2910

1.2890

1.2861 Last

1.2820

1.2800

1.2780

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