NOK/JPY may rise 932 - 1332 pips

Our pivot point is at 14.85.

Our preference

As long as 14.85 is support look for 15.04.

Alternative scenario

Below 14.85, expect 14.77 and 14.73.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is below its 20 period moving average (14.92) but above its 50 period moving average (14.88).

Supports and resistances

15.13 **

15.09 *

15.04 **

15.00

14.91 last

14.87

14.85 **

14.77 *

14.73 **

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