GBP/NOK may rise to 14.5900 - 14.7940

Our pivot point is at 13.8230.

Our preference

The upside prevails as long as 13.8230 is support.

Alternative scenario

Below 13.8230, expect 13.4820 and 13.2780.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 14.0338 and 13.9738).

Supports and resistances

15.2040 **

14.9990 *

14.7940 **

14.5900

14.1755 last

13.9580

13.8230 **

13.4820 *

13.2780 **

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