GBP/USD may rise 21 - 41 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 break above 1.2775 is a positive signal that has opened a path to 1.2830.

Supports and resistances

1.2870

1.2850

1.2830

1.2809 Last

1.2775

1.2755

1.2735

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