JPYINR : Technical View : 16.12.2019
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During it’s previous session JPYINR weakened and closed in a negative note by 0.86%
Also, the pair has broken down out of its Descending Triangle Pattern, which indicates that the bears are in power.
Furthermore, the price has closed below its 200 EMA, which is negative for the counter.
Additionally, momentum indicator MACD has shown a negative crossover, which indicates bearishness.
So based on the above technical structure, we expect bearish move in JPYINR towards 65.25 level.
Also, the pair has broken down out of its Descending Triangle Pattern, which indicates that the bears are in power.
Furthermore, the price has closed below its 200 EMA, which is negative for the counter.
Additionally, momentum indicator MACD has shown a negative crossover, which indicates bearishness.
So based on the above technical structure, we expect bearish move in JPYINR towards 65.25 level.