GBP/USD may rise 7 - 27 pips

Pivot

1.2680

Our preference

Long positions above 1.2680 with targets at 1.2715 & 1.2735 in extension.

Alternative scenario

Below 1.2680 look for further downside with 1.2665 & 1.2655 as targets.

Comment

The RSI is bearish and calls for further decline.

Supports and resistances

1.2765

1.2735

1.2715

1.2708 Last

1.2680

1.2665

1.2655

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