GBP/USD may rise 22 - 37 pips

Pivot

1.2835

Our preference

Long positions above 1.2835 with targets at 1.2875 & 1.2890 in extension.

Alternative scenario

Below 1.2835 look for further downside with 1.2820 & 1.2805 as targets.

Comment

The RSI is bullish and calls for further advance.

Supports and resistances

1.2910

1.2890

1.2875

1.2853 Last

1.2835

1.2820

1.2805

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