JPYINR : Technical View : 28.11.2019
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* During it’s previous session JPYINR closed on a weak note falling by 0.33%.
* Also, On the daily chart, the pair has sustained below its Ichimoku Cloud, which confirms that the prices are in a downtrend.
* Moreover, the price has been trading below the 20*50 EMA, which indicates power to the bears.
* Additionally, the daily Heikin Ashi candle of the pair has formed a series of strong red candles, which is bearish.
* So based on the above technical structure, we expect bearish move in JPYINR towards 65.50 level.
* Also, On the daily chart, the pair has sustained below its Ichimoku Cloud, which confirms that the prices are in a downtrend.
* Moreover, the price has been trading below the 20*50 EMA, which indicates power to the bears.
* Additionally, the daily Heikin Ashi candle of the pair has formed a series of strong red candles, which is bearish.
* So based on the above technical structure, we expect bearish move in JPYINR towards 65.50 level.