GBPUSD

GBP/USD
9/29/2016 6:31 AM

Pivot: 1.2990

Our preference: long positions above 1.2990 with targets @ 1.3065 & 1.3090 in extension.

Alternative scenario: below 1.2990 look for further downside with 1.2970 & 1.2945 as targets.

Comment: the RSI lacks downward momentum.

Supports and resistances:
1.3120 ***
1.3090 ***
1.3065 ***
1.3018 Last
1.2990 ***
1.2970 ***
1.2945 ***