GBP/USD may fall 21 - 36 pips

Pivot

1.3070

Our preference

Short positions below 1.3070 with targets at 1.3025 & 1.3010 in extension.

Alternative scenario

Above 1.3070 look for further upside with 1.3085 & 1.3095 as targets.

Comment

The RSI calls for a new downleg.

Supports and resistances

1.3095

1.3085

1.3070

1.3046 Last

1.3025

1.3010

1.2995

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