NOK/JPY may rise 792 - 1092 pips

Our pivot point stands at 15.17.

Our preference

Rebound towards 15.33.

Alternative scenario

The downside breakout of 15.17 would call for 15.11 and 15.08.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 15.23 and 15.24).

Supports and resistances

15.41 **

15.37 *

15.33 **

15.30

15.22 last

15.20

15.17 **

15.11 *

15.08 **

Number of asterisks represents the strength of support and resistance levels.