NOK/JPY may rise to 14.6000 - 14.9400

13.36 is our pivot point.

Our preference

The upside prevails as long as 13.36 is support.

Alternative scenario

The downside breakout of 13.36 would call for 12.79 and 12.44.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 13.59 and 13.60).

Supports and resistances

15.63 **

15.29 *

14.94 **

14.60

13.86 last

13.59

13.36 **

12.79 *

12.44 **

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