NOK/JPY may rise 744 - 1044 pips

14.72 is our pivot point.

Our preference

The upside prevails as long as 14.72 is support.

Alternative scenario

Below 14.72, expect 14.66 and 14.63.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 14.75 and 14.76).

Supports and resistances

14.96 **

14.92 *

14.89 **

14.86

14.79 last

14.74

14.72 **

14.66 *

14.63 **

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