GBP/RUB may rise to 136.180 - 141.210

Our pivot point stands at 119.110.

Our preference

As long as 119.110 is support look for 141.210.

Alternative scenario

The downside breakout of 119.110 would call for 110.700 and 105.690.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 123.288 and 118.810).

Supports and resistances

151.250 **

146.230 *

141.210 **

136.180

125.974 last

122.410

119.110 **

110.700 *

105.690 **

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