The chart is clear with the Tenken-Kijun Sen crossover. Kijun is moving down but it will recover from Monday onwards. JPYINR is in between it's resistance and support zone hopefully it should touch resistance zone 70.50-71. The call is low bullish call but worth taking risk. Stoploss can be taken a buffer below kijun.
Thank you Trading View and my followers and...
#JPYINR #Elliottwave Long term wave counts indicate bullish move in the years ahead, the final wave means #Rupee depreciation in the years ahead. Short term counts will also be published on this handle soon
JPYINR is currently trading near a very strong support zone of 0.6980. The 100 days EMA , the golden fibonacci ratio of 61% and the trend line has supported the price on multiple occasions previously and now again the prices have come near the support zone . So if history is any guide, then we can expect an upmove from this level for the targets of 0.7145 which is...
JPYINR rolling in a falling trend channel and created a small H&S in the 4h time frame.
Target 67 and 65 till April month expiry.
1. JPYINR rolling through a falling trend channel.
2. Price created a small H&S in the 4h time frame.
3. Indian Equity market doing nice recently.