GBP/USD may rise to 1.3260 - 1.3434

Pivot

1.2610

Our preference

Long positions above 1.2610 with targets at 1.3260 & 1.3434 in extension.

Alternative scenario

Below 1.2610 look for further downside with 1.2450 & 1.2300 as targets.

Comment

The RSI lacks downward momentum.

Supports and resistances

1.3620

1.3434

1.3260

1.2971 Last

1.2610

1.2450

1.2300

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