GBP/USD may fall 26 - 51 pips

Pivot

1.3220

Our preference

Short positions below 1.3220 with targets at 1.3165 & 1.3140 in extension.

Alternative scenario

Above 1.3220 look for further upside with 1.3245 & 1.3265 as targets.

Comment

The RSI advocates for further downside.

Supports and resistances

1.3265

1.3245

1.3220

1.3191 Last

1.3165

1.3140

1.3110

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