GBP/USD may rise 30 - 45 pips

Pivot

1.3045

Our preference

Long positions above 1.3045 with targets at 1.3095 & 1.3110 in extension.

Alternative scenario

Below 1.3045 look for further downside with 1.3020 & 1.3000 as targets.

Comment

The break above 1.3045 is a positive signal that has opened a path to 1.3095.

Supports and resistances

1.3130

1.3110

1.3095

1.3065 Last

1.3045

1.3020

1.3000

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