GBP/NOK may rise 503 - 723 pips

Our pivot point stands at 13.5270.

Our preference

Rebound towards 13.6330.

Alternative scenario

Below 13.5270, expect 13.4900 and 13.4670.

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 (13.5564) but below its 50 period moving average (13.5745).

Supports and resistances

13.6780 **

13.6560 *

13.6330 **

13.6110

13.5607 last

13.5420

13.5270 **

13.4900 *

13.4670 **

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