GBP/USD may rise 29 - 49 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 lacks downward momentum.

Supports and resistances

1.2740

1.2690

1.2670

1.2641 Last

1.2630

1.2610

1.2590

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