GBP/USD may rise 40 - 70 pips

Pivot

1.2710

Our preference

Long positions above 1.2710 with targets at 1.2780 & 1.2810 in extension.

Alternative scenario

Below 1.2710 look for further downside with 1.2685 & 1.2655 as targets.

Comment

The RSI is bullish and calls for further upside.

Supports and resistances

1.2835

1.2810

1.2780

1.2740 Last

1.2710

1.2685

1.2655

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