GBP/NOK may rise to 13.9570 - 14.1300

Our pivot point stands at 13.3430.

Our preference

The upside prevails as long as 13.3430 is support.

Alternative scenario

The downside breakout of 13.3430 would call for 13.0540 and 12.8810.

Comment

The RSI is above 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 13.4869 and 13.5305).

Supports and resistances

14.4760 **

14.3030 *

14.1300 **

13.9570

13.5957 last

13.4570

13.3430 **

13.0540 *

12.8810 **

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