GBP/SEK may rise 567 - 767 pips

Our pivot point is at 13.35.

Our preference

Rebound towards 13.45.

Alternative scenario

The downside breakout of 13.35 would call for 13.31 and 13.29.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands above its 20 period moving average (13.37) but below its 50 period moving average (13.39).

Supports and resistances

13.50 **

13.48 *

13.45 **

13.43

13.38 last

13.36

13.35 **

13.31 *

13.29 **

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