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InvestingScope

NOKJPY: Sell opportunity and reversal scenario.

Short
NORWEGIAN KRONE / JAPANESE YEN (FX_IDC:NOKJPY)  
InvestingScope  
FX_IDC:NOKJPY   NORWEGIAN KRONE / JAPANESE YEN
Trend Analysis Chart Patterns Technical Indicators NOKJPY NOK jpy norwegiankrone japaneseyen yen Forex Currencies currency
2
0
trendanalysis chartpattern indicator nokjpy nok jpy norwegiankrone japaneseyen yen forex currencies currency
The pair is trading within a strong 1D Channel Down (RSI = 34.726, MACD = -0.120, Highs/Lows = -0.0831) for the past month. Currently the Lower High zone holds (red rectangle) and should push the price towards a new Lower Low at 12.350. If 12.630 however breaks it will give a medium term bullish reversal signal and we will target the 12.800 1D Resistance.






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