JPYINR : Technical View : 19.11.2019
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* During it’s Monday session JPYINR slipped by 0.30%.
* On the daily chart, the pair has closed below the Ichimoku cloud which indicates bearishness in the counter.
* Moreover, On the daily chart the Heikin Ashi candle of the pair has turned red which confirms weakness.
* Additionally, a momentum indicator Stochastic (6) has shown a negative crossover, which confirms power to the bears.
* So based on the above technical structure, we expect bearish move in JPYINR towards 65.77 level.
* On the daily chart, the pair has closed below the Ichimoku cloud which indicates bearishness in the counter.
* Moreover, On the daily chart the Heikin Ashi candle of the pair has turned red which confirms weakness.
* Additionally, a momentum indicator Stochastic (6) has shown a negative crossover, which confirms power to the bears.
* So based on the above technical structure, we expect bearish move in JPYINR towards 65.77 level.