GBP/USD may rise 27 - 57 pips

Intraday: bullish bias above 1.2765.

Pivot

1.2765

Our preference

Long positions above 1.2765 with targets at 1.2830 & 1.2860 in extension.

Alternative scenario

Below 1.2765 look for further downside with 1.2740 & 1.2720 as targets.

Comment

The break above 1.2765 is a positive signal that has opened a path to 1.2830.

Supports and resistances

1.2890

1.2860

1.2830

1.2803 Last

1.2765

1.2740

1.2720

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

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