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 break above 1.2570 is a positive signal that has opened a path to 1.2890.

Supports and resistances

1.3140

1.2990

1.2890

1.2692 Last

1.2570

1.2450

1.2300

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