GBP/USD may rise 24 - 49 pips

Pivot

1.2830

Our preference

Long positions above 1.2830 with targets at 1.2875 & 1.2900 in extension.

Alternative scenario

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

Comment

The RSI is above its neutrality area at 50%.

Supports and resistances

1.2930

1.2900

1.2875

1.2851 Last

1.2830

1.2810

1.2780

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