GBP/USD may fall 12 - 37 pips

Pivot

1.3010

Our preference

Short positions below 1.3010 with targets at 1.2970 & 1.2945 in extension.

Alternative scenario

Above 1.3010 look for further upside with 1.3030 & 1.3055 as targets.

Comment

The RSI calls for a new downleg.

Supports and resistances

1.3055

1.3030

1.3010

1.2982 Last

1.2970

1.2945

1.2920

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