GBP/USD may rise 12 - 37 pips

Pivot

1.2930

Our preference

Long positions above 1.2930 with targets at 1.2965 & 1.2990 in extension.

Alternative scenario

Below 1.2930 look for further downside with 1.2905 & 1.2880 as targets.

Comment

The RSI lacks downward momentum.

Supports and resistances

1.3015

1.2990

1.2965

1.2953 Last

1.2930

1.2905

1.2880

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