Jan 14 2019

JPYINR Trade Idea

JPYINR:-On the hourly frequency chart – the pair looks extreme overbought. RSI(14) and Stochastic slow both are hovering in their overbought zone, that means a short term reversal is expected. A trend-line resistance is coming at around 0.6560.

Our Preference:- Sell at 0.6555-0.6560

Target- 0.6520

Stop loss- 0.6575