GBP/SEK may rise to 13.9070 - 14.0610

Our pivot point stands at 13.37.

Our preference

As long as 13.37 is support look for 14.06.

Alternative scenario

The downside breakout of 13.37 would call for 13.11 and 12.96.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is trading under its 20 period moving average (13.61) but above its 50 period moving average (13.49).

Supports and resistances

14.37 **

14.21 *

14.06 **

13.91

13.58 last

13.47

13.37 **

13.11 *

12.96 **

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