GBP/ILS may fall 145 - 213 pips

4.7330 is our pivot point.

Our preference

Eye 4.7025.

Alternative scenario

Above 4.7330, look for 4.7444 and 4.7512.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair is trading under its 20 period moving average (4.7295) but above its 50 period moving average (4.7229).

Supports and resistances

4.7512 **

4.7444 *

4.7330 **

4.7285

4.7238 last

4.7093

4.7025 **

4.6957 *

4.6889 **

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