GBP/USD may rise 41 - 86 pips

Pivot

1.3155

Our preference

Long positions above 1.3155 with targets at 1.3250 & 1.3295 in extension.

Alternative scenario

Below 1.3155 look for further downside with 1.3130 & 1.3100 as targets.

Comment

The RSI calls for a rebound.

Supports and resistances

1.3325

1.3295

1.3250

1.3209 Last

1.3155

1.3130

1.3100

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