GBP/USD may rise 24 - 44 pips

Pivot

1.2860

Our preference

Long positions above 1.2860 with targets at 1.2910 & 1.2930 in extension.

Alternative scenario

Below 1.2860 look for further downside with 1.2845 & 1.2825 as targets.

Comment

The RSI is bullish and calls for further upside.

Supports and resistances

1.2940

1.2930

1.2910

1.2886 Last

1.2860

1.2845

1.2825

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