GBP/USD may rise 23 - 43 pips

Pivot

1.2630

Our preference

Long positions above 1.2630 with targets at 1.2670 & 1.2690 in extension.

Alternative scenario

Below 1.2630 look for further downside with 1.2610 & 1.2590 as targets.

Comment

The RSI is bullish and calls for further upside.

Supports and resistances

1.2740

1.2690

1.2670

1.2647 Last

1.2630

1.2610

1.2590

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