NOK/JPY may rise 757 - 1157 pips

Our pivot point stands at 14.51.

Our preference

Our next up target stands at 14.68.

Alternative scenario

Below 14.51, expect 14.45 and 14.41.

Comment

The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 14.55 and 14.56).

Supports and resistances

14.75 **

14.72 *

14.68 **

14.64

14.56 last

14.53

14.51 **

14.45 *

14.41 **

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