7640421 7/12/2017 3:50 PM, GBP/USD ST: the upside prevails.


Pivot: 1.2600


Our preference:

long positions above 1.2600 with targets at 1.3050 & 1.3440 in extension.


Alternative scenario:

below 1.2600 look for further downside with 1.2350 & 1.1975 as targets.


Comment:

the RSI lacks downward momentum.


Supports and resistances:


1.4000 ***

1.3440 **

1.3050 ***


1.2849

Last

1.2600 ***

1.2350 **

1.1975 **