GBP/USD Middle Term: bullish bias above 1.2950.
GBP/USD (GBP/USD)-0.00093-0.07%
long positions above 1.2950 with targets at 1.3870 & 1.4240 in extension.

Pivot: 1.2950
Our preference: long positions above 1.2950 with targets at 1.3870 & 1.4240 in extension.
Alternative scenario: below 1.2950 look for further downside with 1.2470 & 1.2100 as targets.
Comment: the RSI lacks downward momentum.
Supports and resistances:
1.4700 **
1.4240 **
1.3870 ***
1.3473 Last
1.2950 ***
1.2470 **
1.2100 ***
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