GBP/USD may rise to 1.3730 - 1.4230

Pivot

1.2300

Our preference

Long positions above 1.2300 with targets at 1.3730 & 1.4230 in extension.

Alternative scenario

Below 1.2300 look for further downside with 1.2100 & 1.1850 as targets.

Comment

The RSI shows upside momentum.

Supports and resistances

1.4625

1.4230

1.3730

1.3239 Last

1.2300

1.2100

1.1850

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