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 advocates for further advance.

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.