GBP/USD may rise to 1.2890 - 1.2995

ST: supported by a rising trend line.

Pivot

1.2500

Our preference

Long positions above 1.2500 with targets at 1.2890 & 1.2995 in extension.

Alternative scenario

Below 1.2500 look for further downside with 1.2300 & 1.2180 as targets.

Comment

The RSI shows upside momentum.

Supports and resistances

1.3140

1.2995

1.2890

1.2720 Last

1.2500

1.2300

1.2180

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

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