JPYINR was taking a Support at 50-EMA through this rally that began In January, On Friday the pair closed below 50-EMA which is the sign that it is ready to give up some of it's gain & may fall back to is's support around 0.59
JPYINR is in strong uptrend in daily charts. Buy only above 0.620 with Stop-loss of 0.590 and Target 1 at 0.636, Target2 at 0.657 and Target 3 at 0.69
This analysis is posted on special request. Any trading done has to be considered only after taking advise from Financial Advisor.
JPY INR, open at 58.13, spot 58.12, , now market is moving in no trade zone 58.10-16, if market breaks 58.10, the expected to go lower, and if market holds above 58.16-18, then go higher up to 58.30-32-36
JPYINR the pair has been trading in down trend and approaching bearish channel resistance, it seem to go further upside up the resistance which is around 0.61770, traders may enter long in this pair at cmp with a target mentioned.