GBP/USD may rise 32 - 62 pips

Pivot

1.2970

Our preference

Long positions above 1.2970 with targets at 1.3040 & 1.3070 in extension.

Alternative scenario

Below 1.2970 look for further downside with 1.2935 & 1.2915 as targets.

Comment

The RSI is bullish and calls for further upside.

Supports and resistances

1.3100

1.3070

1.3040

1.3008 Last

1.2970

1.2935

1.2915

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