GBP/USD may rise 7 - 27 pips

Pivot

1.2870

Our preference

Long positions above 1.2870 with targets at 1.2910 & 1.2930 in extension.

Alternative scenario

Below 1.2870 look for further downside with 1.2845 & 1.2825 as targets.

Comment

The break above the resistance at 1.2870 triggered an upward acceleration to 1.2910.

Supports and resistances

1.2940

1.2930

1.2910

1.2903 Last

1.2870

1.2845

1.2825

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