GBP/SEK may fall to 12.6820 - 12.9190

Our pivot point is at 13.81.

Our preference

Under pressure below 13.81.

Alternative scenario

The upside breakout of 13.81, would call for 14.21 and 14.45.

Comment

The RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 13.67 and 13.53).

Supports and resistances

14.45 **

14.21 *

13.81 **

13.65

13.41 last

12.92

12.68 **

12.44 *

12.21 **

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