GBP/PLN may rise 302 - 443 pips

Our pivot point is at 5.1583.

Our preference

As long as 5.1583 is support look for 5.2228.

Alternative scenario

The downside breakout of 5.1583 would call for 5.1346 and 5.1204.

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 trading above both its 20 and 50 period moving average (respectively at 5.1770 and 5.1754).

Supports and resistances

5.2511 **

5.2370 *

5.2228 **

5.2087

5.1785 last

5.1677

5.1583 **

5.1346 *

5.1204 **

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