GBP/USD may rise 58 - 88 pips

Pivot

1.3110

Our preference

Long positions above 1.3110 with targets at 1.3185 & 1.3215 in extension.

Alternative scenario

Below 1.3110 look for further downside with 1.3080 & 1.3060 as targets.

Comment

The break above 1.3110 is a positive signal that has opened a path to 1.3185.

Supports and resistances

1.3240

1.3215

1.3185

1.3127 Last

1.3110

1.3080

1.3060

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