JPYINR : Technical View : 12.12.2019
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During it’s previous session JPYINR faced pressure and closed on a negative note by 0.19%
Also, the pair has sustained below its Ichimoku Cloud which indicatesthat the bears are in control.
Furthermore, the price has remained below its 20*50 EMA which is weak for the counter.
Additionally, momentum indicator Stochastic (6) has been moving in a negative crossover which indicates bearishness in the counter.
So based on the above technical structure, we expect bearish move in JPYINR towards 65.22 level.
Also, the pair has sustained below its Ichimoku Cloud which indicatesthat the bears are in control.
Furthermore, the price has remained below its 20*50 EMA which is weak for the counter.
Additionally, momentum indicator Stochastic (6) has been moving in a negative crossover which indicates bearishness in the counter.
So based on the above technical structure, we expect bearish move in JPYINR towards 65.22 level.