JPYINR : Technical View : 03.12.2019
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* During it’s previous session JPYINR prices and closed on a negative note, declining by 0.13% for the day.
* Also, On the daily chart the pair has sustained below its Ichimoku Cloud, which confirms bearish strength in the counter.
* Moreover, the price has been trading below the 20*50 EMA, which confirms that the pair is in a downtrend and lower levels can be expected in the near term.
* Additionally, Heikin ashi Candle of the pair has formed a series of red candles which signals weakness in the pair.
* So based on the above mixed technical structure, we expect sideways to bearish move in JPYINR towards 65.45.
* Also, On the daily chart the pair has sustained below its Ichimoku Cloud, which confirms bearish strength in the counter.
* Moreover, the price has been trading below the 20*50 EMA, which confirms that the pair is in a downtrend and lower levels can be expected in the near term.
* Additionally, Heikin ashi Candle of the pair has formed a series of red candles which signals weakness in the pair.
* So based on the above mixed technical structure, we expect sideways to bearish move in JPYINR towards 65.45.