JPYINR : Technical View : 10.12.2019
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* During it’s previous session JPYINR faced selling at the upper levels closing down by 0.15%.
* Also, the pair has been trading below its Ichimoku Cloud which indicates that the bears are in control.
* Furthermore, the price has shifted below its 20*50 EMA which is weak for the counter.
* Additionally, the pair’s Heikin Ashi candle has formed a series of strong red candles which signals power in the hands of the bears.
* So based on the above technical structure, we expect bearish move in JPYINR towards 65.51 level.
* Also, the pair has been trading below its Ichimoku Cloud which indicates that the bears are in control.
* Furthermore, the price has shifted below its 20*50 EMA which is weak for the counter.
* Additionally, the pair’s Heikin Ashi candle has formed a series of strong red candles which signals power in the hands of the bears.
* So based on the above technical structure, we expect bearish move in JPYINR towards 65.51 level.