GBP/USD may rise 23 - 43 pips

Pivot

1.3180

Our preference

Long positions above 1.3180 with targets at 1.3240 & 1.3260 in extension.

Alternative scenario

Below 1.3180 look for further downside with 1.3150 & 1.3130 as targets.

Comment

The RSI lacks downward momentum.

Supports and resistances

1.3280

1.3260

1.3240

1.3217 Last

1.3180

1.3150

1.3130

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