GBP/USD may fall 23 - 43 pips

Pivot

1.3115

Our preference

Short positions below 1.3115 with targets at 1.3075 & 1.3055 in extension.

Alternative scenario

Above 1.3115 look for further upside with 1.3135 & 1.3155 as targets.

Comment

The upward potential is likely to be limited by the resistance at 1.3115.

Supports and resistances

1.3155

1.3135

1.3115

1.3098 Last

1.3075

1.3055

1.3035

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