GBP/NOK may fall to 12.8040 - 12.9850

13.6180 is our pivot point.

Our preference

The downside prevails as long as 13.6180 is resistance.

Alternative scenario

The upside breakout of 13.6180, would call for 13.9220 and 14.1030.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 13.4745 and 13.5703).

Supports and resistances

14.1030 **

13.9220 *

13.6180 **

13.4990

13.3768 last

12.9850

12.8040 **

12.6240 *

12.4440 **

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