GBP/USD may rise 9 - 29 pips

Pivot

1.2715

Our preference

Long positions above 1.2715 with targets at 1.2745 & 1.2765 in extension.

Alternative scenario

Below 1.2715 look for further downside with 1.2700 & 1.2685 as targets.

Comment

The RSI advocates for further advance.

Supports and resistances

1.2785

1.2765

1.2745

1.2736 Last

1.2715

1.2700

1.2685

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