GBP/USD may fall 23 - 53 pips

Pivot

1.3060

Our preference

Short positions below 1.3060 with targets at 1.2990 & 1.2960 in extension.

Alternative scenario

Above 1.3060 look for further upside with 1.3080 & 1.3100 as targets.

Comment

The RSI calls for a new downleg.

Supports and resistances

1.3100

1.3080

1.3060

1.3013 Last

1.2990

1.2960

1.2935

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