GBP/USD may rise 16 - 36 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 is mixed with a bullish bias.

Supports and resistances

1.2765

1.2740

1.2720

1.2704 Last

1.2685

1.2665

1.2655

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