GBP/RUB may fall to 96.100 - 100.890

117.550 is our pivot point.

Our preference

The downside prevails as long as 117.550 is resistance.

Alternative scenario

The upside breakout of 117.550, would call for 125.650 and 130.470.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 112.729 and 112.522).

Supports and resistances

130.470 **

125.650 *

117.550 **

114.370

110.703 last

100.890

96.100 **

91.320 *

86.530 **

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