JPYINR Trade Idea-25 Oct

JPYINR Trade Idea-25 Oct

25 Oct 2019 12:51 PM
 

JPYINR:- On a 4-hour chart - the pair JPYINR seems hovering at a downward sloping trend-line resistance - which is coming approximately at 0.6538 mark. A 50 period simple moving average is also acting as an immediate resistance at 0.6544 mark. RSI(14) is below its zero-line or we can say below its 50 mark - indicating a decline in momentum.

Our Preference:- Sell at 0.6537

Target- 0.6502

Stop loss- 0.6551