GBP/USD may fall 19 - 39 pips

Pivot

1.3085

Our preference

Short positions below 1.3085 with targets at 1.3035 & 1.3015 in extension.

Alternative scenario

Above 1.3085 look for further upside with 1.3105 & 1.3130 as targets.

Comment

The RSI calls for a drop.

Supports and resistances

1.3130

1.3105

1.3085

1.3054 Last

1.3035

1.3015

1.3000

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