NOK/JPY may rise 819 - 1219 pips

Our pivot point stands at 14.71.

Our preference

As long as 14.71 is support look for 14.88.

Alternative scenario

Below 14.71, expect 14.65 and 14.61.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 14.76 and 14.71).

Supports and resistances

14.96 **

14.92 *

14.88 **

14.84

14.76 last

14.73

14.71 **

14.65 *

14.61 **

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