GBP/USD may rise 19 - 44 pips

Pivot

1.2945

Our preference

Long positions above 1.2945 with targets at 1.2990 & 1.3015 in extension.

Alternative scenario

Below 1.2945 look for further downside with 1.2930 & 1.2905 as targets.

Comment

The RSI is bullish and calls for further upside.

Supports and resistances

1.3035

1.3015

1.2990

1.2971 Last

1.2945

1.2930

1.2905

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