GBP/USD may fall 27 - 47 pips

Pivot

1.2995

Our preference

Short positions below 1.2995 with targets at 1.2960 & 1.2940 in extension.

Alternative scenario

Above 1.2995 look for further upside with 1.3015 & 1.3035 as targets.

Comment

Intraday technical indicators are mixed and call for caution.

Supports and resistances

1.3035

1.3015

1.2995

1.2987 Last

1.2960

1.2940

1.2920

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