GBP/PLN may rise 298 - 438 pips

Our pivot point stands at 5.1081.

Our preference

As long as 5.1081 is support look for 5.1721.

Alternative scenario

Below 5.1081, expect 5.0846 and 5.0706.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 5.1282 and 5.1265).

Supports and resistances

5.2001 **

5.1861 *

5.1721 **

5.1581

5.1283 last

5.1174

5.1081 **

5.0846 *

5.0706 **

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