GBP/ILS may rise 317 - 427 pips

4.7572 is our pivot point.

Our preference

Rebound towards 4.8144.

Alternative scenario

Below 4.7572, expect 4.7388 and 4.7278.

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 below its 20 and 50 period moving average (respectively at 4.7739 and 4.7780).

Supports and resistances

4.8364 **

4.8254 *

4.8144 **

4.8034

4.7717 last

4.7645

4.7572 **

4.7388 *

4.7278 **

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