GBP/USD may fall 21 - 51 pips

Pivot

1.3240

Our preference

Short positions below 1.3240 with targets at 1.3175 & 1.3145 in extension.

Alternative scenario

Above 1.3240 look for further upside with 1.3270 & 1.3295 as targets.

Comment

A break below 1.3175 would trigger a drop towards 1.3145.

Supports and resistances

1.3295

1.3270

1.3240

1.3196 Last

1.3175

1.3145

1.3115

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