NOK/JPY may fall 1205 - 1805 pips

13.95 is our pivot point.

Our preference

Target 13.69.

Alternative scenario

The upside breakout of 13.95, would call for 14.04 and 14.10.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the pair is trading under its 20 period moving average (13.89) but above its 50 period moving average (13.85).

Supports and resistances

14.10 **

14.04 *

13.95 **

13.91

13.87 last

13.75

13.69 **

13.63 *

13.58 **

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