Looking at the Norwegian Crone/Japanese Yen (NOKJPY) daily chart we can see that it has been ranging for a while after bouncing of our key price level at 12.250 a few months back and has been consolidating since then after failing to break above 12.880.
Now looking to the right we can see that NOKJPY just broke out of our current consolidation and if it manages...
Hi Traders,
This is our view on this cross for the next few days.
#NOKJPY
BUY 12.43
SL 12.29
TP 12.71
We remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if the rules of our strategy are strictly respected.
Eventually, any updates will be given in the comment section...
Hi Traders,
This is our view on this cross for the next few days.
#NOKJPY
BUY 12.250
SL 12.160
TP 12.470
#NOKJPY
SELL 12.475
SL 12.555
TP 12.340
We remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if the rules of our strategy are strictly respected.
Eventually, any updates will be...
As long as the 50 EMA on the 8 hour chart continues to act as resistence, we can expect NOK/JPY to fall.
It was not able to find support on top of it and thus, it may reverse back down after these few days of consolidation.
A pending order could be placed right underneaght the lows, that is at 13.2, so that you may enter right when the break down happens.
Same as USD/JPY and some other xyz/jpy pairs, NOK/JPY is looking forward to lose more.
No support has been found yet and so we can long term short for now and ride the trend downwards.
Happy trading!
