GBP/NOK may rise to 13.8540 - 14.0270

13.2400 is our pivot point.

Our preference

Rebound towards 14.0270.

Alternative scenario

The downside breakout of 13.2400 would call for 12.9500 and 12.7770.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (13.4739) but under its 50 period moving average (13.5619).

Supports and resistances

14.3740 **

14.2000 *

14.0270 **

13.8540

13.4866 last

13.3540

13.2400 **

12.9500 *

12.7770 **

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