GBP/USD may rise 34 - 49 pips

Pivot

1.3230

Our preference

Long positions above 1.3230 with targets at 1.3275 & 1.3290 in extension.

Alternative scenario

Below 1.3230 look for further downside with 1.3215 & 1.3200 as targets.

Comment

Intraday technical indicators are mixed and call for caution.

Supports and resistances

1.3310

1.3290

1.3275

1.3241 Last

1.3230

1.3215

1.3200

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