JPYINR : Technical View : 09.12.2019
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During it’s previous session JPYINR faced selling at the upper levels closing on the lower levels for the day.
Also, the pair has been trading below its Parabolic SAR which signals weakness in the pair.
Furthermore, the price has shifted below its 20*50 EMA which is bearish for the counter.
Additionally, momentum indicator Stochastic (6) hasshown a negative crossover which confirms bearishness.
So based on the above technical structure, we expect bearish move in JPYINR towards 65.61 level.
Also, the pair has been trading below its Parabolic SAR which signals weakness in the pair.
Furthermore, the price has shifted below its 20*50 EMA which is bearish for the counter.
Additionally, momentum indicator Stochastic (6) hasshown a negative crossover which confirms bearishness.
So based on the above technical structure, we expect bearish move in JPYINR towards 65.61 level.