GBP/ILS may rise 249 - 373 pips

Our pivot point is at 4.9012.

Our preference

The upside prevails as long as 4.9012 is support.

Alternative scenario

Below 4.9012, expect 4.8804 and 4.8680.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 4.9108 and 4.9155).

Supports and resistances

4.9797 **

4.9673 *

4.9549 **

4.9425

4.9176 last

4.9094

4.9012 **

4.8804 *

4.8680 **

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