GBP/ILS may fall to 4.5305 - 4.5817

Our pivot point is at 4.7865.

Our preference

The downside prevails as long as 4.7865 is resistance.

Alternative scenario

Above 4.7865, look for 4.8732 and 4.9248.

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 4.7318 and 4.7141).

Supports and resistances

4.9248 **

4.8732 *

4.7865 **

4.7524

4.7123 last

4.5817

4.5305 **

4.4792 *

4.4280 **

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