GBP/USD may rise 23 - 43 pips

Pivot

1.2770

Our preference

Long positions above 1.2770 with targets at 1.2830 & 1.2850 in extension.

Alternative scenario

Below 1.2770 look for further downside with 1.2750 & 1.2735 as targets.

Comment

The next resistances are at 1.2830 and then at 1.2850.

Supports and resistances

1.2870

1.2850

1.2830

1.2807 Last

1.2770

1.2750

1.2735

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