JPYINR waiting periodMoving inside a predefined path. Considering the negative interest rate, Wont move out of the channel yet but by april or may, Once BOJ gives a decisive raise in rates, can see the breakout for a decent move on the upside
INRJPY trade ideas
📈 Exciting Bullish Pattern Alert! 🐂📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Falling Wedge with Falling Flag Pattern
📌 Symbol/Asset: JPYINR
🔍 Description: Currency given falling wedge breakout and now in a falling flag pattern
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
📈 Exciting Bullish Pattern Alert! 🐂📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Falling Wedge
📌 Symbol/Asset: JPYINR
🔍 Description: Strong Breakout
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
Bullish Bat In JPYINRBullish Bat In JPYINR
Buy PRZ - 0.56440/0.56738
SL - 0.55456
Target - 0.59149/0.60
Long Opportunity In JPYINR pair. Attention, Trader!
An incredible chance has emerged, and it's time to act swiftly. The JPYINR pair has reached a crucial support area, presenting a golden opportunity for a long position. Take a calculated risk and dive into this promising trade.
Don't hesitate, don't second-guess. This is your moment to shine. Trust your instincts and make a move. With the JPYINR pair at a support zone, the potential for substantial gains awaits.
Remember, fortune favors the bold. Embrace this opportunity with determination and unwavering motivation. Manage your risk wisely and prepare for triumph.
Seize the day, Trader! Take advantage of the long opportunity in JPYINR and let your trading skills shine. Success is within your reach!
Best regards,
Rising Wedge in JPYINRJapanese Yen to Indian Rupee pair (JPYINR) has been forming rising wedge for some time on the Daily time frame. This is also supported by fall in momentum as shown in the RSI.
The pair has rejected bulls for last few days. Conditions look ripe for a fall in price toward wedge target zone of 0.6140 on the JPYINR spot pair. SL may be kept above Friday high, around 0.64.
JPYINR - completing a ending diagonal- Upside Bias is highThe JPYINR pair has just broken out of a downside wedge (classical charting). Wave counts indicate a complete ending diagonal (Elliotwave
count) with all subwaves visible. Moves following the completion of diagonals are fast and we can expect a quick move to the 60.00 - 61.00 as an initial target subject to the recent low of 54.63 holding
Head & Shoulders Bottom in JPYINR 4HJPYINR currency spot pair has formed a head and shoulders bottom on the 4H time frame. The price broke out of the resistance line today. It would make sense go long on a retracement back to the trendline for a measured move target of 0.60 on the spot pair.
JPYINR/ Double bottom Double bottom forming
Target 66₹
Bull run is starting from today
Buy as much as you can
Run up will start anytime soon
JPYINR TREND CHANGEJPYINR is near about support it also take suport .It's about near chnage trend bcz after a long time JPYINR show bullish cnadle.
JPYINR target0.63650 ShortJPYINR short, target 0.63650, sudden fall possible, short. Don't enter in buying, it may huge loss.
My personal view, your trade will be your responsibility
JPYINR - FOR BUYBreak of downtrend channel
Break of previous resistance area
Area of resistance may act as a support now
Risk to reward excellent
JPYINR WEEKLY ANALYSIS JPYINR WEEKLY ANALYSIS | DATE 15-11-2021 | Valid for 1 week
Please trade based on the Ichimoku levels and your buy/sell place should be on the market direction.
JPYINRJPYINR - Please take the marked level as key to your tradings. Mostly like to get resistance from next level
JPYINR at crucial price pointJPYINR is resting at 200 week moving average (200WMA) on the weekly chart. The overall price action is bearish as the pair has been on a continuous downtrend since Nov'20. Will be interesting to see how the price behaves at this level.
Bullish forces can take the price upward as 200WMA can be a good support while bearish forces can take the pair further down toward 0.64 Fib levels.
A good trade can develop on either side in coming weeks.
JPYINR forming bullish engulfing at double bottomJPYINR started falling after the formation of double top @ .7175 level. It is in downtrend forming lower high and lower low.
But If we analyze the current chart structure then we found double bottom chart pattern and bullish engulfing at second bottom. It is a good time for accumulation. If price sustain and go above 20 EMA then we can expect to touch or cross .675 level.
Above .675 we can see breakout of double bottom then our next target would be .6877
A very good opportunity to buy JPYINR at current level 0.667 and add on dip 0.665
Buy above 0.6680
Stop Loss below 0.6600
1st Target 0.6750
2nd Target 0.6877
H&S on JPYINR 4H ChartJPYINR is completing double Head & Shoulders pattern on the 4H chart. Break of this baseline would be highly bearish for the currency pair. Otherwise, if this line is held, we can see strong bullish action as well.
Good time to wait and watch and take a trade when either side seems strong.
JPYINRThe Chart pattern shows the bullish trend in JPYINR with some corrections and if it is cross the level of C then it will go to 70.0000 or above it and the stop loss of this trend is level B (66.8240) and wait for some correction to set your position.
