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Pound Under Pressure as Yen Stabilizes: GBPJPY Bears Target 208 as Key EMAs Hold Resistance 
- The Norwegian Krone rallied to a 2-week peak following a surge in the oil prices.
- U.S. oil prices remained near 2-1/2-month highs after OPEC and other producers agreed to cut output.
- USD/NOK trades 0.05 percent lower at 9.1330, having touched a low of 9.1220, its lowest since November 22.
- Momentum indicators are bearish: RSI weak at 47.49, Stoch are biased lower and MACD supports downside.
- Immediate resistance is located at 9.1484 (21-DMA), and close above could take it till 9.1554 (20-EMA).
- On the downside, support is around 9.1116 (55-EMA), break below could take it till 9.0904.
Recommendation: Good to sell on rallies around 9.1345, with stop loss at 9.1484 and target price of 9.1116.
