GBP/USD may rise to 1.2890 - 1.2990

Pivot

1.2520

Our preference

Long positions above 1.2520 with targets at 1.2890 & 1.2990 in extension.

Alternative scenario

Below 1.2520 look for further downside with 1.2300 & 1.2180 as targets.

Comment

The RSI is bullish and calls for further advance.

Supports and resistances

1.3140

1.2990

1.2890

1.2770 Last

1.2520

1.2300

1.2180

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