GBP/NOK may rise 457 - 687 pips

Our pivot point stands at 13.5470.

Our preference

The upside prevails as long as 13.5470 is support.

Alternative scenario

Below 13.5470, expect 13.5090 and 13.4870.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 13.5797 and 13.5745).

Supports and resistances

13.7060 **

13.6840 *

13.6620 **

13.6390

13.5933 last

13.5620

13.5470 **

13.5090 *

13.4870 **

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