NOK/JPY may rise 815 - 1115 pips

Our pivot point stands at 15.10.

Our preference

Rebound towards 15.27.

Alternative scenario

The downside breakout of 15.10 would call for 15.03 and 15.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 15.16 and 15.17).

Supports and resistances

15.34 **

15.31 *

15.27 **

15.24

15.16 last

15.12

15.10 **

15.03 *

15.00 **

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