GBPNOK – British Pound vs. Norwegian Krone

 

Alternate on the USD/NOK trade since the pattern is similar.  Due to some recent statements by the ECB the USD has been on a tear so there is some risk with    What we’re looking at here is

 

Sell Limit: GBP/NOK 9.10378
Buy Limit: GBP/NOK 8.80000
Buy Stop: 9.20000

Max Loss: 192.44
Max Gain: 607.56

 

 

2011-05-08-GPBNOK-PROPHET

 

The pair bounced off the Linear Regression Channel also indicating close to this level might be a good interesting.

2011-05-08-GBPNOK-LRC-PROPHET

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