GBP/USD may fall 23 - 33 pips

Pivot

1.2710

Our preference

Short positions below 1.2710 with targets at 1.2665 & 1.2655 in extension.

Alternative scenario

Above 1.2710 look for further upside with 1.2730 & 1.2740 as targets.

Comment

The RSI is bearish and calls for further decline.

Supports and resistances

1.2740

1.2730

1.2710

1.2688 Last

1.2665

1.2655

1.2640

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