GBP/NOK may rise 539 - 799 pips

Our pivot point is at 14.0200.

Our preference

The upside prevails as long as 14.0200 is support.

Alternative scenario

Below 14.0200, expect 13.9760 and 13.9500.

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 14.0472 and 14.0224).

Supports and resistances

14.2150 **

14.1890 *

14.1630 **

14.1370

14.0831 last

14.0370

14.0200 **

13.9760 *

13.9500 **

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