GBP/NOK may fall to 13.1340 - 13.2810

Our pivot point stands at 13.8210.

Our preference

The downside prevails as long as 13.8210 is resistance.

Alternative scenario

The upside breakout of 13.8210, would call for 14.0690 and 14.2170.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 13.6622 and 13.6156).

Supports and resistances

14.2170 **

14.0690 *

13.8210 **

13.7240

13.5820 last

13.2810

13.1340 **

12.9870 *

12.8400 **

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