GBP/USD may rise 23 - 43 pips

Pivot

1.2775

Our preference

Long positions above 1.2775 with targets at 1.2830 & 1.2850 in extension.

Alternative scenario

Below 1.2775 look for further downside with 1.2755 & 1.2735 as targets.

Comment

The RSI lacks downward momentum.

Supports and resistances

1.2870

1.2850

1.2830

1.2807 Last

1.2775

1.2755

1.2735

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