GBP/SEK may rise to 13.7640 - 13.9170

13.21 is our pivot point.

Our preference

Rebound.

Alternative scenario

Below 13.21, expect 12.96 and 12.81.

Comment

The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (13.35) but under its 50 period moving average (13.48).

Supports and resistances

14.22 **

14.07 *

13.92 **

13.76

13.45 last

13.31

13.21 **

12.96 *

12.81 **

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