GBP/USD may rise 49 - 79 pips

Pivot

1.3195

Our preference

Long positions above 1.3195 with targets at 1.3260 & 1.3290 in extension.

Alternative scenario

Below 1.3195 look for further downside with 1.3170 & 1.3150 as targets.

Comment

A support base at 1.3195 has formed and has allowed for a temporary stabilisation.

Supports and resistances

1.3330

1.3290

1.3260

1.3211 Last

1.3195

1.3170

1.3150

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