GBP/NOK may fall 614 - 904 pips

14.2450 is our pivot point.

Our preference

The downside prevails as long as 14.2450 is resistance.

Alternative scenario

Above 14.2450, look for 14.2940 and 14.3240.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 14.2035 and 14.2109).

Supports and resistances

14.3240 **

14.2940 *

14.2450 **

14.2250

14.1854 last

14.1240

14.0950 **

14.0650 *

14.0360 **

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