NOK/JPY may fall to 12.0400 - 12.4200

Our pivot point is at 13.79.

Our preference

The downside prevails as long as 13.79 is resistance.

Alternative scenario

Above 13.79, look for 14.43 and 14.80.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 13.67 and 14.00).

Supports and resistances

14.80 **

14.43 *

13.79 **

13.55

13.28 last

12.42

12.04 **

11.67 *

11.30 **

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