GBP/USD may rise 17 - 42 pips

Pivot

1.2700

Our preference

Long positions above 1.2700 with targets at 1.2745 & 1.2770 in extension.

Alternative scenario

Below 1.2700 look for further downside with 1.2680 & 1.2660 as targets.

Comment

The next resistances are at 1.2745 and then at 1.2770.

Supports and resistances

1.2795

1.2770

1.2745

1.2728 Last

1.2700

1.2680

1.2660

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