GBP/USD may rise 27 - 57 pips

Pivot

1.3075

Our preference

Long positions above 1.3075 with targets at 1.3150 & 1.3180 in extension.

Alternative scenario

Below 1.3075 look for further downside with 1.3050 & 1.3030 as targets.

Comment

The RSI is bullish and calls for further upside.

Supports and resistances

1.3195

1.3180

1.3150

1.3123 Last

1.3075

1.3050

1.3030

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