JPYINR : Technical View : 29.11.2019
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* During it’s previous session JPYINR closed on a flat note and remained unchanged for the day.
* Although the pair formed a doji candle on the daily chart, the pair has still sustained below its Ichimoku Cloud, which confirms power in the hands of the bears.
* Moreover, the price has been trading below the 20*50 EMA, which confirms that prices are in downtrend.
* 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 mixed technical structure, we expect sideways to bearish move in JPYINR towards 65.50 level.
* Although the pair formed a doji candle on the daily chart, the pair has still sustained below its Ichimoku Cloud, which confirms power in the hands of the bears.
* Moreover, the price has been trading below the 20*50 EMA, which confirms that prices are in downtrend.
* 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 mixed technical structure, we expect sideways to bearish move in JPYINR towards 65.50 level.