Currency pair analysis GBP/NOK

The general trend is ascending. The currency pair fluctuates inside the top border of the Ichimoku cloud. Stochastic Oscillator indicates oversold conditions. Piercing the 11.950 level will result in forming the ascending pattern close to the greater level wave (C).

GBP/NOK rate online: monitor the price movement in real time.

Trading idea:

Buy when 11.950 is breached.

Stop Loss: 11.854.

Target levels: 12.050; 12.133.

Author: GC
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