GBP/RUB may rise to 125.210 - 130.430

Our pivot point stands at 107.140.

Our preference

The upside prevails as long as 107.140 is support.

Alternative scenario

Below 107.140, expect 98.440 and 93.260.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 111.584 and 113.073).

Supports and resistances

140.860 **

135.640 *

130.430 **

125.210

114.140 last

110.560

107.140 **

98.440 *

93.260 **

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