GBP/USD may fall 6 - 26 pips

Pivot

1.2675

Our preference

Short positions below 1.2675 with targets at 1.2650 & 1.2630 in extension.

Alternative scenario

Above 1.2675 look for further upside with 1.2690 & 1.2700 as targets.

Comment

The RSI is bearish and calls for further downside.

Supports and resistances

1.2700

1.2690

1.2675

1.2656 Last

1.2650

1.2630

1.2620

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