GBP/USD may fall to 1.2180 - 1.2300

ST: under pressure.

Pivot

1.2710

Our preference

Short positions below 1.2710 with targets at 1.2300 & 1.2180 in extension.

Alternative scenario

Above 1.2710 look for further upside with 1.2800 & 1.2890 as targets.

Comment

The RSI shows downside momentum.

Supports and resistances

1.2890

1.2800

1.2710

1.2460 Last

1.2300

1.2180

1.2035

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

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