GBP/USD may fall 21 - 41 pips

Pivot

1.3220

Our preference

Short positions below 1.3220 with targets at 1.3185 & 1.3165 in extension.

Alternative scenario

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

Comment

Intraday technical indicators are mixed and call for caution.

Supports and resistances

1.3265

1.3245

1.3220

1.3206 Last

1.3185

1.3165

1.3140

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