GBP/USD may rise 22 - 42 pips

Pivot

1.2845

Our preference

Long positions above 1.2845 with targets at 1.2890 & 1.2910 in extension.

Alternative scenario

Below 1.2845 look for further downside with 1.2825 & 1.2800 as targets.

Comment

The RSI is above its neutrality area at 50%.

Supports and resistances

1.2935

1.2910

1.2890

1.2868 Last

1.2845

1.2825

1.2800

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