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GBP/JPY Surges Post-BoE Cut: Bullish Momentum Eyes 210 as Support Holds at 207.80 
- The Norwegian Krone rose, extending previous session gains following upbeat loan growth figures.
- Norway's general public’s domestic loan debt increased 5.6 percent year-on-year to NOK 6,022 billion in November, the same pace as in the previous month but above expectations of 5.5 percent.
- USD/NOK trades 0.1 percent lower at 8.7865, having touched a low of 8.7542 on Thursday, its lowest since July 31.
- Momentum indicators are bearish: RSI weak at 25.86, MACD supports downside and Stoch are biased lower.
- Immediate resistance is located at 8.8301 (7-EMA), and close above could take it till 8.8545 (10-DMA).
- On the downside, support is around 8.7619, break below could take it till 8.7542.
Recommendation: Good to sell on rallies around 8.7890, with stop loss at 8.8182 and target price of 8.7542.
