GBP/USD may rise 22 - 37 pips

Pivot

1.3030

Our preference

Long positions above 1.3030 with targets at 1.3080 & 1.3095 in extension.

Alternative scenario

Below 1.3030 look for further downside with 1.3015 & 1.3000 as targets.

Comment

The RSI shows upside momentum.

Supports and resistances

1.3110

1.3095

1.3080

1.3058 Last

1.3030

1.3015

1.3000

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