GBP/USD may rise 28 - 43 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

A support base at 1.3050 has formed and has allowed for a temporary stabilisation.

Supports and resistances

1.3125

1.3110

1.3095

1.3067 Last

1.3050

1.3030

1.3010

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