GBP/SGD may fall 61 - 83 pips

1.7089 is our pivot point.

Our preference

Eye 1.6972.

Alternative scenario

The upside breakout of 1.7089, would call for 1.7126 and 1.7149.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is below its 20 period moving average (1.7058) but above its 50 period moving average (1.7055).

Supports and resistances

1.7149 **

1.7126 *

1.7089 **

1.7074

1.7055 last

1.6994

1.6972 **

1.6949 *

1.6927 **

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