GBP/USD may rise 24 - 39 pips

Pivot

1.2700

Our preference

Long positions above 1.2700 with targets at 1.2750 & 1.2765 in extension.

Alternative scenario

Below 1.2700 look for further downside with 1.2685 & 1.2670 as targets.

Comment

The RSI calls for a rebound.

Supports and resistances

1.2785

1.2765

1.2750

1.2726 Last

1.2700

1.2685

1.2670

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