GBP/USD may rise 30 - 50 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 & 1.2795 as targets.

Comment

The RSI advocates for further upside.

Supports and resistances

1.2935

1.2910

1.2890

1.2860 Last

1.2830

1.2810

1.2795

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