GBP/USD may rise 15 - 40 pips

Pivot

1.2695

Our preference

Long positions above 1.2695 with targets at 1.2740 & 1.2765 in extension.

Alternative scenario

Below 1.2695 look for further downside with 1.2670 & 1.2655 as targets.

Comment

The RSI is bullish and calls for further upside.

Supports and resistances

1.2800

1.2765

1.2740

1.2725 Last

1.2695

1.2670

1.2655

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