JPYINR : Technical View : 21.11.2019
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* During it’s last session JPYINR has settled with positive note and gained 0.45%.
* However, On the daily chart, the pair has been facing the resistance of it’s Falling Trendline.
* On the other hand, the price has sustained above the 50*200 days SMA’s, and Parabolic Sar, which signifies bullish strength.
* Additionally, a momentum indicator RSI(14) has been moving with positive crossover, which confirms power to the bulls.
* So based on the above technical structure, we expect bullish move in JPYINR towards 66.42 level.
* However, On the daily chart, the pair has been facing the resistance of it’s Falling Trendline.
* On the other hand, the price has sustained above the 50*200 days SMA’s, and Parabolic Sar, which signifies bullish strength.
* Additionally, a momentum indicator RSI(14) has been moving with positive crossover, which confirms power to the bulls.
* So based on the above technical structure, we expect bullish move in JPYINR towards 66.42 level.