in ANALISA by hafid zaini

7647115 7/13/2017 6:15 PM, GBP/NOK intraday: the upside prevails as long as 10.6630 is support


Our pivot point is at 10.6630.


Our preference

: the upside prevails as long as 10.6630 is support.


Alternative scenario

: below 10.6630, expect 10.6250 and 10.6030.


Comment

: the RSI is above 70. It could mean either that the pair is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is above its 20 and 50 MAs (respectively at 10.6793 and 10.6713).


Supports and resistances

:

10.8290 **

10.8070 *

10.7850 **

10.7620

10.7091 last

10.6780

10.6630 **

10.6250 *

10.6030 **