GBP/NOK may rise 683 - 973 pips

14.1800 is our pivot point.

Our preference

The upside prevails as long as 14.1800 is support.

Alternative scenario

Below 14.1800, expect 14.1300 and 14.1000.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 14.1906 and 14.1711).

Supports and resistances

14.3780 **

14.3480 *

14.3180 **

14.2890

14.2207 last

14.1990

14.1800 **

14.1300 *

14.1000 **

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