GBP/RUB may rise to 135.440 - 140.050

Our pivot point stands at 117.360.

Our preference

As long as 117.360 is support look for 140.050.

Alternative scenario

Below 117.360, expect 109.800 and 105.310.

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 125.066 and 120.524).

Supports and resistances

149.250 **

144.650 *

140.050 **

135.440

126.225 last

120.320

117.360 **

109.800 *

105.310 **

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