GBP/USD may rise 28 - 48 pips

Pivot

1.2700

Our preference

Long positions above 1.2700 with targets at 1.2740 & 1.2760 in extension.

Alternative scenario

Below 1.2700 look for further downside with 1.2685 & 1.2665 as targets.

Comment

The RSI is bullish and calls for further upside.

Supports and resistances

1.2780

1.2760

1.2740

1.2712 Last

1.2700

1.2685

1.2665

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