GBP/USD may rise 20 - 50 pips

Pivot

1.3020

Our preference

Long positions above 1.3020 with targets at 1.3070 & 1.3100 in extension.

Alternative scenario

Below 1.3020 look for further downside with 1.3000 & 1.2975 as targets.

Comment

The next resistances are at 1.3070 and then at 1.3100.

Supports and resistances

1.3130

1.3100

1.3070

1.3050 Last

1.3020

1.3000

1.2975

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