GBP/NOK may rise 567 - 827 pips

Our pivot point is at 13.9200.

Our preference

The upside prevails as long as 13.9200 is support.

Alternative scenario

Below 13.9200, expect 13.8770 and 13.8510.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 13.9302 and 13.9325).

Supports and resistances

14.0960 **

14.0700 *

14.0440 **

14.0180

13.9613 last

13.9370

13.9200 **

13.8770 *

13.8510 **

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