NOK/JPY may rise to 14.7200 - 15.1100

Our pivot point is at 13.31.

Our preference

Rebound towards 15.11.

Alternative scenario

Below 13.31, expect 12.66 and 12.27.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (13.69) but below its 50 period moving average (14.40).

Supports and resistances

15.89 **

15.50 *

15.11 **

14.72

13.87 last

13.57

13.31 **

12.66 *

12.27 **

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