GBP/USD may fall 28 - 53 pips

Pivot

1.3030

Our preference

Short positions below 1.3030 with targets at 1.2960 & 1.2935 in extension.

Alternative scenario

Above 1.3030 look for further upside with 1.3065 & 1.3100 as targets.

Comment

A break below 1.2960 would trigger a drop towards 1.2935.

Supports and resistances

1.3100

1.3065

1.3030

1.2988 Last

1.2960

1.2935

1.2910

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