GBP/USD may rise 27 - 47 pips

Pivot

1.3055

Our preference

Long positions above 1.3055 with targets at 1.3110 & 1.3130 in extension.

Alternative scenario

Below 1.3055 look for further downside with 1.3025 & 1.3010 as targets.

Comment

The RSI is bullish and calls for further advance.

Supports and resistances

1.3175

1.3130

1.3110

1.3083 Last

1.3055

1.3025

1.3010

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