ON DAILY TIME FRAME = There is a Fibonacci retracement level of 0.618 between the levels of 106.352 and 104.019
ON HOURLY TIME FRAME = Level of 105.530 has been rejected several times.
Also we can find a downward trend on overall chart
So, from above observation there is a lot of probability that in coming days USD may be Bearish and JPY may be Bullish....
Tata motors is showing a very good pattern to trade in intraday
Beware of FALSE BREAKOUTS.
This is for educational purpose only
Thank you and have a nice day.
Happy trading!!
