GBP/USD may rise 23 - 38 pips

Pivot

1.3050

Our preference

Long positions above 1.3050 with targets at 1.3095 & 1.3110 in extension.

Alternative scenario

Below 1.3050 look for further downside with 1.3025 & 1.3010 as targets.

Comment

The RSI is bullish and calls for further upside.

Supports and resistances

1.3130

1.3110

1.3095

1.3072 Last

1.3050

1.3025

1.3010

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