GBP/PLN may rise 307 - 449 pips

5.1778 is our pivot point.

Our preference

The upside prevails as long as 5.1778 is support.

Alternative scenario

Below 5.1778, expect 5.1539 and 5.1398.

Comment

The RSI is above 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 5.1934 and 5.1865).

Supports and resistances

5.2700 **

5.2558 *

5.2416 **

5.2274

5.1967 last

5.1871

5.1778 **

5.1539 *

5.1398 **

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