GBP/USD may fall 43 - 64 pips

Our pivot point stands at 1.3098.

Our preference

The downside prevails as long as 1.3098 is resistance.

Alternative scenario

Above 1.3098, look for 1.3133 and 1.3154.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.3077 and 1.3085).

Supports and resistances

1.3154 **

1.3133 *

1.3098 **

1.3084

1.3068 last

1.3025

1.3004 **

1.2984 *

1.2963 **

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