GBP/USD may fall 22 - 42 pips

Pivot

1.3090

Our preference

Short positions below 1.3090 with targets at 1.3040 & 1.3020 in extension.

Alternative scenario

Above 1.3090 look for further upside with 1.3110 & 1.3130 as targets.

Comment

The RSI is bearish and calls for further decline.

Supports and resistances

1.3130

1.3110

1.3090

1.3062 Last

1.3040

1.3020

1.3000

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