GBP/SEK may fall to 12.8700 - 13.0190

Our pivot point stands at 13.55.

Our preference

The downside prevails as long as 13.55 is resistance.

Alternative scenario

The upside breakout of 13.55, would call for 13.80 and 13.95.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 13.54 and 13.54). Finally, the GBP/SEK is trading below its lower Bollinger band (standing at 13.36).

Supports and resistances

13.95 **

13.80 *

13.55 **

13.45

13.34 last

13.02

12.87 **

12.72 *

12.57 **

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