GBP/USD may rise 25 - 50 pips

Pivot

1.2975

Our preference

Long positions above 1.2975 with targets at 1.3035 & 1.3060 in extension.

Alternative scenario

Below 1.2975 look for further downside with 1.2960 & 1.2935 as targets.

Comment

The RSI is bullish and calls for further advance.

Supports and resistances

1.3075

1.3060

1.3035

1.3010 Last

1.2975

1.2960

1.2935

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