GBP/SEK may fall to 13.0330 - 13.1790

Our pivot point is at 13.75.

Our preference

Under pressure below 13.75.

Alternative scenario

Above 13.75, look for 14.00 and 14.14.

Comment

The RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 13.59 and 13.53). Finally, the GBP/SEK has penetrated its lower Bollinger band (13.50).

Supports and resistances

14.14 **

14.00 *

13.75 **

13.65

13.49 last

13.18

13.03 **

12.89 *

12.74 **

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