GBP/NOK may fall to 12.9360 - 13.0800

Our pivot point stands at 13.6310.

Our preference

The downside prevails as long as 13.6310 is resistance.

Alternative scenario

The upside breakout of 13.6310, would call for 13.8750 and 14.0190.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 13.5180 and 13.6021).

Supports and resistances

14.0190 **

13.8750 *

13.6310 **

13.5360

13.4385 last

13.0800

12.9360 **

12.7920 *

12.6480 **

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