GBP/USD may fall 18 - 38 pips

Pivot

1.3010

Our preference

Short positions below 1.3010 with targets at 1.2960 & 1.2940 in extension.

Alternative scenario

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

Comment

The RSI is below its neutrality area at 50%

Supports and resistances

1.3055

1.3030

1.3010

1.2978 Last

1.2960

1.2940

1.2920

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