GBP/USD may fall 8 - 28 pips

Pivot

1.3070

Our preference

Short positions below 1.3070 with targets at 1.3040 & 1.3020 in extension.

Alternative scenario

Above 1.3070 look for further upside with 1.3095 & 1.3110 as targets.

Comment

A break below 1.3040 would trigger a drop towards 1.3020.

Supports and resistances

1.3110

1.3095

1.3070

1.3048 Last

1.3040

1.3020

1.3000

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