GBP/USD may rise 19 - 49 pips

Pivot

1.2735

Our preference

Long positions above 1.2735 with targets at 1.2780 & 1.2810 in extension.

Alternative scenario

Below 1.2735 look for further downside with 1.2720 & 1.2705 as targets.

Comment

The RSI is bullish and calls for further upside.

Supports and resistances

1.2830

1.2810

1.2780

1.2761 Last

1.2735

1.2720

1.2705

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