Resistance rejection on long term Rectangle. Short.

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Norwegian Krone / Japanese Yen (FOREXCOM:NOKJPY)

FOREXCOM:NOKJPY Norwegian Krone / Japanese Yen

trendanalysis harmonicpatterns chartpattern nokjpy nok jpy norwegiankrone japaneseyen yen forex currencies currency

NOKJPY is trading within a monthly Rectangle (RSI = 51.832, ADX = 21.125, CCI = 20.9692, Highs/Lows = 0) since early February (13.3500 - 13.900). Since July 10th it has been rejected 3 times on the Resistance so a short has been added, TP = 13.4897.

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