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BRITISH POUND / NORWEGIAN KRONE

GBPNOK 4H

By Profound_Ambition
Updated
Usually don't trade exotic pairs, but here I see a nice potential opportunity. Price is sitting on broken resistance now turned support, rejecting the 200 EMA & is in consolidation. Will be watching for a break back below or bounce back to the top of the range & potential breakout of the top for uptrend continuation. Lets observe how it plays out there is a good amount of pound news this week
Note
snapshot Rejecting the 50 Fibonacci level lets see If it'll hold
Trade closed: target reached
bounceconsolidationExponential Moving Average (EMA)GBPNOKSupply and DemandSupport and ResistanceTrend Analysisuptrend
Profound_Ambition

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