GBP/NOK may rise to 14.5250 - 14.7070

Our pivot point stands at 13.8660.

Our preference

The upside prevails as long as 13.8660 is support.

Alternative scenario

Below 13.8660, expect 13.5620 and 13.3810.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 13.9189 and 13.6589).

Supports and resistances

15.0700 **

14.8890 *

14.7070 **

14.5250

14.1093 last

13.9860

13.8660 **

13.5620 *

13.3810 **

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