GBP/PLN may rise 303 - 441 pips

Our pivot point is at 5.0054.

Our preference

The upside prevails as long as 5.0054 is support.

Alternative scenario

Below 5.0054, expect 4.9823 and 4.9686.

Comment

The RSI is above its neutrality area at 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 5.0150 and 5.0114). Finally, the GBP/PLN is trading above its upper Bollinger band (standing at 5.0262).

Supports and resistances

5.0985 **

5.0848 *

5.0711 **

5.0573

5.0270 last

5.0144

5.0054 **

4.9823 *

4.9686 **

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