GBP/USD may fall 24 - 44 pips

Pivot

1.2755

Our preference

Short positions below 1.2755 with targets at 1.2700 & 1.2680 in extension.

Alternative scenario

Above 1.2755 look for further upside with 1.2780 & 1.2810 as targets.

Comment

The RSI is bearish and calls for further decline.

Supports and resistances

1.2810

1.2780

1.2755

1.2724 Last

1.2700

1.2680

1.2660

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