GBP/USD may rise 19 - 39 pips

Pivot

1.2700

Our preference

Long positions above 1.2700 with targets at 1.2745 & 1.2765 in extension.

Alternative scenario

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

Comment

The RSI lacks downward momentum.

Supports and resistances

1.2785

1.2765

1.2745

1.2726 Last

1.2700

1.2685

1.2670

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