GBP/NOK may rise to 14.5560 - 14.7960

Our pivot point stands at 13.6640.

Our preference

As long as 13.6640 is support look for 14.7960.

Alternative scenario

Below 13.6640, expect 13.2650 and 13.0270.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 13.9327 and 13.6725).

Supports and resistances

15.2740 **

15.0350 *

14.7960 **

14.5560

14.0091 last

13.8210

13.6640 **

13.2650 *

13.0270 **

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