GBP/USD may rise 33 - 53 pips

Pivot

1.3170

Our preference

Long positions above 1.3170 with targets at 1.3240 & 1.3260 in extension.

Alternative scenario

Below 1.3170 look for further downside with 1.3150 & 1.3130 as targets.

Comment

The RSI is bullish and calls for further upside.

Supports and resistances

1.3280

1.3260

1.3240

1.3207 Last

1.3170

1.3150

1.3130

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