GBP/USD may rise to 1.3044 - 1.3144

Pivot

1.2662

Our preference

Long positions above 1.2662 with targets at 1.3044 & 1.3144 in extension.

Alternative scenario

Below 1.2662 look for further downside with 1.2440 & 1.2296 as targets.

Comment

The RSI is bullish and calls for further upside.

Supports and resistances

1.3300

1.3144

1.3044

1.3014 Last

1.2662

1.2440

1.2296

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