GBP/USD may rise 30 - 55 pips

Pivot

1.2700

Our preference

Long positions above 1.2700 with targets at 1.2745 & 1.2770 in extension.

Alternative scenario

Below 1.2700 look for further downside with 1.2680 & 1.2660 as targets.

Comment

The RSI is mixed with a bullish bias.

Supports and resistances

1.2795

1.2770

1.2745

1.2715 Last

1.2700

1.2680

1.2660

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