GBP/USD may rise 26 - 41 pips

Pivot

1.2695

Our preference

Long positions above 1.2695 with targets at 1.2740 & 1.2755 in extension.

Alternative scenario

Below 1.2695 look for further downside with 1.2675 & 1.2660 as targets.

Comment

The break above 1.2695 is a positive signal that has opened a path to 1.2740.

Supports and resistances

1.2770

1.2755

1.2740

1.2714 Last

1.2695

1.2675

1.2660

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