GBP/USD may rise to 1.3044 - 1.3144

Pivot

1.2600

Our preference

Long positions above 1.2600 with targets at 1.3044 & 1.3144 in extension.

Alternative scenario

Below 1.2600 look for further downside with 1.2440 & 1.2296 as targets.

Comment

The RSI is mixed with a bullish bias.

Supports and resistances

1.3300

1.3144

1.3044

1.2769 Last

1.2600

1.2440

1.2296

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