Technical Analysis – GBPNOK jumps above downtrend line; unable to break 23.6% Fibo level
GBPNOK rallied up during the previous week from the nine-and-a half-month low of 10.5915, breaking above the downtrend line to pause at the 23.6% Fibonacci retracement level of the downleg move from 11.5127 to 10.5915, of 10.81. The Kijun-sen line has flattened, as well as the momentum indicators of the MACD and the RSI in the […]