GBP/PLN may rise 303 - 445 pips

Our pivot point is at 5.1819.

Our preference

Rebound towards 5.2457.

Alternative scenario

The downside breakout of 5.1819 would call for 5.1581 and 5.1439.

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 5.2028 and 5.2080).

Supports and resistances

5.2741 **

5.2599 *

5.2457 **

5.2315

5.2012 last

5.1913

5.1819 **

5.1581 *

5.1439 **

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