NOK/JPY may fall to 13.8500 - 14.1000

Our pivot point stands at 14.99.

Our preference

The downside prevails as long as 14.99 is resistance.

Alternative scenario

Above 14.99, look for 15.42 and 15.68.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 15.03 and 14.81). Finally, the NOK/JPY is trading below its lower Bollinger band (standing at 14.63).

Supports and resistances

15.68 **

15.42 *

14.99 **

14.83

14.63 last

14.10

13.85 **

13.60 *

13.34 **

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