GBP/USD may rise 23 - 53 pips

Pivot

1.3165

Our preference

Long positions above 1.3165 with targets at 1.3235 & 1.3265 in extension.

Alternative scenario

Below 1.3165 look for further downside with 1.3140 & 1.3115 as targets.

Comment

The RSI calls for a new upleg.

Supports and resistances

1.3285

1.3265

1.3235

1.3212 Last

1.3165

1.3140

1.3115

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