GBP/PLN may rise 290 - 432 pips

5.1661 is our pivot point.

Our preference

The upside prevails as long as 5.1661 is support.

Alternative scenario

Below 5.1661, expect 5.1423 and 5.1281.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 5.1837 and 5.1802).

Supports and resistances

5.2575 **

5.2434 *

5.2292 **

5.2150

5.1860 last

5.1754

5.1661 **

5.1423 *

5.1281 **

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