GBP/USD may fall 29 - 54 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

Intraday technical indicators are mixed and call for caution.

Supports and resistances

1.3055

1.3030

1.3010

1.2999 Last

1.2970

1.2945

1.2920

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