JPYINR : Technical View : 27.11.2019
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* During it’s previous session JPYINR closed on a negative note by 0.45%.
* Also, On the daily chart, the pair has closed below its Ichimoku Cloud, which suggests prices to be lower in the near term.
* Moreover, the price has closed below the 20*50 EMA, which indicates power to the bears.
* Additionally, a momentum indicator Stochastic (6) has shown a negative crossover, which is weak for the pair.
* So based on the above technical structure, we expect bearish move in JPYINR towards 65.41 level.
* Also, On the daily chart, the pair has closed below its Ichimoku Cloud, which suggests prices to be lower in the near term.
* Moreover, the price has closed below the 20*50 EMA, which indicates power to the bears.
* Additionally, a momentum indicator Stochastic (6) has shown a negative crossover, which is weak for the pair.
* So based on the above technical structure, we expect bearish move in JPYINR towards 65.41 level.