▲ NOKJPY Buy signal @ .(13.5090). expected Profit +659 Pips

Good morning , This is the Norwegian Krone vs Japanise Yen’s trade signal commentary, for the late Asian session on Friday December the 2nd. By: Romany Zakaria – www.romanyzakaria.com

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Norwegian Krone vs Japanise Yen pair, Has plummeted lower during the Asian session early this morning. With the pair lost nearly 135 pips, it continue’s to move up in a strong BULLISH trend as it did in the past days ( view Daily chart on the right ).
On the other hand, NOKJPY is holding well above the long term 200 days simple moving average (thats why we dont recommend any short trades on the NOKJPY for the coming days).
The 50 and the 20 days simple moving averages are also confirming continuation for the well established BULLISH trend.
CONCLUSION: [We highly recommend to avoid trading NOKJPY for today Friday as we might be de aling with a choppy falling correction for rest of the day.] However As per above general BULLISH trend; Only Long trades to be considered following completion of any counter trend falling correction on the 30-minute chart.

▲ Buy Signal Details

Time	Fri 2016.12.02 11:01
Pair	NOKJPY
Buy@ ▲	13.5090
Stop @	13.3930
1s TP @	13.6230 (+659)pips
2nd TP @	13.5750

Norwegian Krone vs Japanise Yen Buy signal information table