GBP/USD may rise 30 - 45 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 1.3030 & 1.3010 as targets.

Comment

Intraday technical indicators are mixed and call for caution.

Supports and resistances

1.3125

1.3110

1.3095

1.3065 Last

1.3050

1.3030

1.3010

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