NOK/JPY may rise 995 - 1495 pips

Our pivot point stands at 13.70.

Our preference

Rebound towards 13.92.

Alternative scenario

Below 13.70, expect 13.62 and 13.57.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 13.78 and 13.78).

Supports and resistances

14.01 **

13.96 *

13.92 **

13.87

13.77 last

13.73

13.70 **

13.62 *

13.57 **

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