GBP/SEK may rise 488 - 688 pips

13.32 is our pivot point.

Our preference

Rebound towards 13.42.

Alternative scenario

Below 13.32, expect 13.29 and 13.27.

Comment

The RSI is below 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 13.36 and 13.36).

Supports and resistances

13.46 **

13.44 *

13.42 **

13.40

13.35 last

13.34

13.32 **

13.29 *

13.27 **

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