GBP/USD may rise 29 - 43 pips

1.2767 is our pivot point.

Our preference

The upside prevails as long as 1.2767 is support.

Alternative scenario

Below 1.2767, expect 1.2743 and 1.2729.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.2749 and 1.2743).

Supports and resistances

1.2860 **

1.2846 *

1.2831 **

1.2817

1.2788 last

1.2777

1.2767 **

1.2743 *

1.2729 **

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