GBP/USD may rise 16 - 31 pips

Intraday: further advance.

Pivot

1.2675

Our preference

Long positions above 1.2675 with targets at 1.2710 & 1.2725 in extension.

Alternative scenario

Below 1.2675 look for further downside with 1.2650 & 1.2630 as targets.

Comment

The RSI advocates for further upside.

Supports and resistances

1.2740

1.2725

1.2710

1.2694 Last

1.2675

1.2650

1.2630

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

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