GBP/NOK
After a pullback on a short term resistance at 8.7660, the cross has resumed its downtrend and should return to the recent low at 8.5440 before testing the key support at 8.4970 (2011 low). A break below this support would confirm the continuation of the current trend toward the next important support at 8.2310 (1976 low !). Resistances stand at 8.6670 & 8.7680. Sell – Stoposs @ 8.7540 – Target @ 8.4980.
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Natixis