7640824 7/12/2017 5:12 PM, GBP/SEK intraday: rebound


Our pivot point stands at 10.77.


Our preference

: rebound.


Alternative scenario

: below 10.77, expect 10.74 and 10.72.


Comment

: the RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the pair is trading above its 20 MA (10.79) but under its 50 MA (10.82).


Supports and resistances

:

10.92 **

10.90 *

10.88 **

10.85

10.81 last

10.79

10.77 **

10.74 *

10.72 **