GBP/NOK may fall 651 - 941 pips

14.1380 is our pivot point.

Our preference

Target 14.0010.

Alternative scenario

Above 14.1380, look for 14.1880 and 14.2180.

Comment

The RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (14.0977) but above its 50 period moving average (14.0820).

Supports and resistances

14.2180 **

14.1880 *

14.1380 **

14.1180

14.0951 last

14.0300

14.0010 **

13.9710 *

13.9410 **

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