GBP/USD may fall 25 - 53 pips

Pivot

1.3266

Our preference

Short positions below 1.3266 with targets at 1.3200 & 1.3172 in extension.

Alternative scenario

Above 1.3266 look for further upside with 1.3290 & 1.3310 as targets.

Comment

The RSI is mixed.

Supports and resistances

1.3310

1.3290

1.3266

1.3225 Last

1.3200

1.3172

1.3140

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