GBP/SEK may rise 490 - 710 pips

13.28 is our pivot point.

Our preference

Rebound towards 13.38.

Alternative scenario

Below 13.28, expect 13.24 and 13.22.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (13.31) but below its 50 period moving average (13.33).

Supports and resistances

13.42 **

13.40 *

13.38 **

13.36

13.31 last

13.29

13.28 **

13.24 *

13.22 **

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