GBP/USD may fall 15 - 35 pips

Pivot

1.3075

Our preference

Short positions below 1.3075 with targets at 1.3040 & 1.3020 in extension.

Alternative scenario

Above 1.3075 look for further upside with 1.3095 & 1.3110 as targets.

Comment

As long as the resistance at 1.3075 is not surpassed, the risk of the break below 1.3040 remains high.

Supports and resistances

1.3110

1.3095

1.3075

1.3055 Last

1.3040

1.3020

1.3000

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