NOK/JPY may rise 869 - 1169 pips

Our pivot point is at 15.17.

Our preference

The upside prevails as long as 15.17 is support.

Alternative scenario

Below 15.17, expect 15.11 and 15.08.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 15.21 and 15.22).

Supports and resistances

15.41 **

15.38 *

15.34 **

15.31

15.22 last

15.20

15.17 **

15.11 *

15.08 **

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