GBP/USD may fall 45 - 60 pips

Pivot

1.3085

Our preference

Short positions below 1.3085 with targets at 1.3015 & 1.3000 in extension.

Alternative scenario

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

Comment

As long as the resistance at 1.3085 is not surpassed, the risk of the break below 1.3015 remains high.

Supports and resistances

1.3130

1.3105

1.3085

1.3060 Last

1.3015

1.3000

1.2980

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