JPYINR- bulls are likely to step ahead

JPYINR- bulls are likely to step ahead

Vinish Kumar
09 Jul 2019 06:10 PM
A look at daily chart of JPYINR, we notice that the price action had a strong bearish move and retested 0.6300 Mark which was acting as a resistance earlier. In March end and April end, the pair seems taking the resistance of 0.6300 level where in mid of May price action has given a breakout of this resistance line (Horizontal yellow line) and converted it into support. The candlesticks chart shows that price of the pair has taken the support just after 9 trading days which indicates that 0.6300-Mark is strongly acting in terms of support/resistance. At current date (09-July), again the pair is trading at this support line and is likely to take a rebound from these levels.

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