GBP/NOK may rise to 14.6570 - 14.8820

Our pivot point stands at 13.8330.

Our preference

The upside prevails as long as 13.8330 is support.

Alternative scenario

Below 13.8330, expect 13.4560 and 13.2310.

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 13.8943 and 13.9022).

Supports and resistances

15.3340 **

15.1080 *

14.8820 **

14.6570

14.1458 last

13.9810

13.8330 **

13.4560 *

13.2310 **

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