GBP/USD may fall 21 - 46 pips

Pivot

1.2730

Our preference

Short positions below 1.2730 with targets at 1.2680 & 1.2655 in extension.

Alternative scenario

Above 1.2730 look for further upside with 1.2745 & 1.2755 as targets.

Comment

The RSI is bearish and calls for further downside.

Supports and resistances

1.2755

1.2745

1.2730

1.2701 Last

1.2680

1.2655

1.2640

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