GBP/NOK may rise 622 - 872 pips

13.5630 is our pivot point.

Our preference

The upside prevails as long as 13.5630 is support.

Alternative scenario

Below 13.5630, expect 13.5210 and 13.4960.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 13.5882 and 13.5778).

Supports and resistances

13.7340 **

13.7090 *

13.6840 **

13.6590

13.5968 last

13.5790

13.5630 **

13.5210 *

13.4960 **

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