GBP/RUB may rise to 119.670 - 121.840

Our pivot point is at 111.920.

Our preference

Rebound towards 121.840.

Alternative scenario

Below 111.920, expect 108.280 and 106.120.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 115.342 and 116.121).

Supports and resistances

126.180 **

124.010 *

121.840 **

119.670

114.884 last

113.340

111.920 **

108.280 *

106.120 **

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