GBP/NOK may rise 663 - 923 pips

Our pivot point stands at 14.1290.

Our preference

Rebound towards 14.2620.

Alternative scenario

Below 14.1290, expect 14.0850 and 14.0590.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 14.1797 and 14.2094).

Supports and resistances

14.3150 **

14.2880 *

14.2620 **

14.2360

14.1697 last

14.1460

14.1290 **

14.0850 *

14.0590 **

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