GBP/USD may rise to 1.2890 - 1.2990

Pivot

1.2570

Our preference

Long positions above 1.2570 with targets at 1.2890 & 1.2990 in extension.

Alternative scenario

Below 1.2570 look for further downside with 1.2450 & 1.2300 as targets.

Comment

The RSI is bullish and calls for further advance.

Supports and resistances

1.3140

1.2990

1.2890

1.2840 Last

1.2570

1.2450

1.2300

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