GBP/USD may fall 17 - 37 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

As long as the resistance at 1.3220 is not surpassed, the risk of the break below 1.3185 remains high.

Supports and resistances

1.3265

1.3245

1.3220

1.3202 Last

1.3185

1.3165

1.3140

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