GBP/USD may fall 18 - 38 pips

Intraday: watch 1.3075.

Pivot

1.3115

Our preference

Short positions below 1.3115 with targets at 1.3075 & 1.3055 in extension.

Alternative scenario

Above 1.3115 look for further upside with 1.3135 & 1.3155 as targets.

Comment

A break below 1.3075 would trigger a drop towards 1.3055.

Supports and resistances

1.3155

1.3135

1.3115

1.3093 Last

1.3075

1.3055

1.3035

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

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