GBP/USD may rise 14 - 34 pips

Pivot

1.2685

Our preference

Long positions above 1.2685 with targets at 1.2720 & 1.2740 in extension.

Alternative scenario

Below 1.2685 look for further downside with 1.2665 & 1.2655 as targets.

Comment

The RSI lacks downward momentum.

Supports and resistances

1.2765

1.2740

1.2720

1.2706 Last

1.2685

1.2665

1.2655

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