GBP/USD may rise 23 - 48 pips

Pivot

1.2680

Our preference

Long positions above 1.2680 with targets at 1.2725 & 1.2750 in extension.

Alternative scenario

Below 1.2680 look for further downside with 1.2655 & 1.2635 as targets.

Comment

The break above 1.2680 is a positive signal that has opened a path to 1.2725.

Supports and resistances

1.2775

1.2750

1.2725

1.2702 Last

1.2680

1.2655

1.2635

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