GBP/ILS may fall 295 - 410 pips

Our pivot point stands at 4.9350.

Our preference

Eye 4.8730.

Alternative scenario

Above 4.9350, look for 4.9544 and 4.9660.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is below its 20 period moving average (4.9164) but above its 50 period moving average (4.9136).

Supports and resistances

4.9660 **

4.9544 *

4.9350 **

4.9273

4.9140 last

4.8845

4.8730 **

4.8614 *

4.8499 **

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