NOK/JPY may rise 1062 - 1562 pips

Our pivot point stands at 13.85.

Our preference

As long as 13.85 is support look for 14.06.

Alternative scenario

Below 13.85, expect 13.78 and 13.73.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 13.89 and 13.85).

Supports and resistances

14.14 **

14.10 *

14.06 **

14.01

13.90 last

13.88

13.85 **

13.78 *

13.73 **

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