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GBP/NOK Intraday: The upside prevails as long as 12.4504 is support
Nov 4, 2026 6:00 AM
The upside prevails as long as 12.4504 is support, with 12.5123 and 12.5272 as targets
Our pivot point is at 12.4504.
Our preference:
The upside prevails as long as 12.4504 is support, with 12.5123 and 12.5272 as targets
Alternative scenario:
below 12.4504, expect 12.4254 and 12.4106.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. The price is above its 20 and 50 period moving average (respectively at 12.4651 and 12.4463).
Supports and resistances:
12.5420 *
12.5272 **
12.5123
12.4726 last
12.4504 **
12.4254 *
12.4106 **
Our preference:
The upside prevails as long as 12.4504 is support, with 12.5123 and 12.5272 as targets
Alternative scenario:
below 12.4504, expect 12.4254 and 12.4106.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. The price is above its 20 and 50 period moving average (respectively at 12.4651 and 12.4463).
Supports and resistances:
12.5420 *
12.5272 **
12.5123
12.4726 last
12.4504 **
12.4254 *
12.4106 **
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