GBP/USD may rise 15 - 45 pips

Pivot

1.2740

Our preference

Long positions above 1.2740 with targets at 1.2800 & 1.2830 in extension.

Alternative scenario

Below 1.2740 look for further downside with 1.2720 & 1.2695 as targets.

Comment

The break above 1.2740 is a positive signal that has opened a path to 1.2800.

Supports and resistances

1.2850

1.2830

1.2800

1.2785 Last

1.2740

1.2720

1.2695

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