GBP/USD may rise 23 - 43 pips

Pivot

1.2830

Our preference

Long positions above 1.2830 with targets at 1.2890 & 1.2910 in extension.

Alternative scenario

Below 1.2830 look for further downside with 1.2810 & 1.2780 as targets.

Comment

The RSI is bullish and calls for further advance.

Supports and resistances

1.2930

1.2910

1.2890

1.2867 Last

1.2830

1.2810

1.2780

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