Detailed forecast GBP/USD

Our preference: long positions above 1.2760 with targets at 1.3000 & 1.3175 in extension.

Alternative scenario: below 1.2760 look for further downside with 1.2575 & 1.2400 as targets.

Comment: a support base at 1.2760 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

1.3380
1.3175
1.3000
1.2848
1.2760
1.2575
1.2400


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