NOK/JPY may rise 896 - 1196 pips

Our pivot point stands at 14.93.

Our preference

The upside prevails as long as 14.93 is support.

Alternative scenario

Below 14.93, expect 14.87 and 14.84.

Comment

The RSI is above its neutrality area at 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 14.95 and 14.95).

Supports and resistances

15.15 **

15.12 *

15.09 **

15.06

14.97 last

14.95

14.93 **

14.87 *

14.84 **

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