InvestingScope
Short

NOKJPY: Sell opportunity and reversal scenario.

FX_IDC:NOKJPY   NORWEGIAN KRONE / JAPANESE YEN
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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