GBP/USD may rise 35 - 65 pips

Pivot

1.3110

Our preference

Long positions above 1.3110 with targets at 1.3230 & 1.3260 in extension.

Alternative scenario

Below 1.3110 look for further downside with 1.3080 & 1.3055 as targets.

Comment

The RSI is bullish and calls for further upside.

Supports and resistances

1.3300

1.3260

1.3230

1.3195 Last

1.3110

1.3080

1.3055

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