JPYINR : Technical View : 05.12.2019
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During it’s previous session JPYINR witnessed pressure closing lower by 0.12% for the day.
But, the pair after breaking out from the falling trend line has sustained above it, which signals positive strength in the counter.
Furthermore, the price has sustained the 20*50 EMA, which confirms that the pair is in a strong uptrend.
Additionally, momentum indicator Stochastic (6) has shown a positive crossover, which indicates bullish power.
So based on the above technical structure, we expect sideways to bullish move in JPYINR towards 66.21. level.
But, the pair after breaking out from the falling trend line has sustained above it, which signals positive strength in the counter.
Furthermore, the price has sustained the 20*50 EMA, which confirms that the pair is in a strong uptrend.
Additionally, momentum indicator Stochastic (6) has shown a positive crossover, which indicates bullish power.
So based on the above technical structure, we expect sideways to bullish move in JPYINR towards 66.21. level.