GBP/PLN may rise 280 - 420 pips

5.1025 is our pivot point.

Our preference

Our next up target stands at 5.1706.

Alternative scenario

Below 5.1025, expect 5.0790 and 5.0650.

Comment

The RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is above its 20 and 50 period moving average (respectively at 5.1210 and 5.1266).

Supports and resistances

5.1986 **

5.1846 *

5.1706 **

5.1566

5.1286 last

5.1117

5.1025 **

5.0790 *

5.0650 **

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