GBP/USD may fall 23 - 43 pips

Pivot

1.3210

Our preference

Short positions below 1.3210 with targets at 1.3170 & 1.3150 in extension.

Alternative scenario

Above 1.3210 look for further upside with 1.3230 & 1.3250 as targets.

Comment

As long as 1.3210 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

1.3250

1.3230

1.3210

1.3193 Last

1.3170

1.3150

1.3130

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