GBP/USD may fall 11 - 31 pips

Pivot

1.2645

Our preference

Short positions below 1.2645 with targets at 1.2610 & 1.2590 in extension.

Alternative scenario

Above 1.2645 look for further upside with 1.2670 & 1.2690 as targets.

Comment

The RSI is bearish and calls for further downside.

Supports and resistances

1.2690

1.2670

1.2645

1.2621 Last

1.2610

1.2590

1.2570

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