JPYINR : Technical View : 20.11.2019
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* During it’s last session JPYINR made highs of 66.3575 but couldn’t sustain the upper levels and closed flat 0.05%.
* On the daily chart, the pair couldn’t enter the Ichimoku cloud and experienced pressure at those levels.
* Moreover, On the daily chart the Heikin Ashi candle of the pair formed a doji which suggests indecision at the upper levels.
* 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 couldn’t enter the Ichimoku cloud and experienced pressure at those levels.
* Moreover, On the daily chart the Heikin Ashi candle of the pair formed a doji which suggests indecision at the upper levels.
* 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.