GBP/SEK may rise 483 - 703 pips

13.41 is our pivot point.

Our preference

As long as 13.41 is support look for 13.51.

Alternative scenario

The downside breakout of 13.41 would call for 13.37 and 13.35.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 13.44 and 13.43).

Supports and resistances

13.56 **

13.54 *

13.51 **

13.49

13.44 last

13.43

13.41 **

13.37 *

13.35 **

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