GBP/USD may rise 25 - 45 pips

Pivot

1.2705

Our preference

Long positions above 1.2705 with targets at 1.2760 & 1.2780 in extension.

Alternative scenario

Below 1.2705 look for further downside with 1.2685 & 1.2670 as targets.

Comment

The next resistances are at 1.2760 and then at 1.2780.

Supports and resistances

1.2810

1.2780

1.2760

1.2735 Last

1.2705

1.2685

1.2670

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