GBPNOK at Key Resistance – Potential Drop to 14.0670

26 Feb

GBPNOK has reached a significant resistance zone, highlighted by previous price reactions and strong selling interest. This area has historically acted as a key supply zone, increasing the likelihood of a bearish reversal if sellers step in.

The current market structure suggests that if the price confirms resistance within this zone, we could see a bearish move. A successful rejection could push the pair toward the 14.06700 level, a logical target based on previous price behavior and current market structure.

Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management.
Best of luck!

26 Feb

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