FX_IDC:JPYINR Bearish flag pattern is broken. Enter short with the given trade setup
short right now till strong support long from green arrow...
JPYINR has broken down on greater volumes. SELL JPYINR below 0.61100 with Stop-loss of 0.61400 and Target of 0.58990
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.
Close below 1.6950 would confirm the pattern with 1.6170 as target and 1.7730 as stop. Global tensions might further increase the demand for Yen and pull the pair down with ease.
JPY INR open at 58.45 spot 58.42, now market is no trade zone 58.40-50, if market breaks 58.40-42, expected to go lower and if market breaks 58.50-52, expected to go higher
JPY INR open at 58.83, spot 58.85, resistance for the day 58.90-92, support for the day 58.60-62, high expectation to go lower if not break 58.90-92
JPY INR open at 58.46 spot 58.63, strong resistance at 58.64 then 58.70-72, form here i'm not expecting on higher side support at 58.50-48 and 58.3032
JPY INR open at 58.17, spot 58.08, potentially forming double top expected to get down up to firstly 58.02-00 then 57.82
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 can be shorted at .60248 and 0.5967 levels. Book profit as per your risk to reward apetite.