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Published on 13/06/2018 10:08:45 AM | Source: Choice Broking Pvt Ltd

We are expecting bullish movement in JPYINR towards 61.80 levels - Choice Broking

Posted in Currency Report| #Currency Tips #Choice Broking

USDINR

Technical View:

USDINR closed flat on Tuesday and managed to sustain near its previous close.

In addition, price has taken falling trend line resistance which indicate bearish sentiments in the counter.

Moreover, price has moved Below 50 days SMA on the daily chart , which indicate bearish sentiments in the counter.

On the above technical studies & parameter, we expect bearish move in the prices towards 67.30 level.

JPYINR

Technical View:

JPYNR closed flat on Tuesday and managed to sustain near its previous close.

In addition, price has taken lower Bollinger band and pullback which indicate bullish sentiments in the counter.

Moreover, a momentum indicator RSI has shown positive crossover on daily chart; which Adds more bullishness to the price.

So based on the above technical structure and indicator, we are expecting bullish movement in JPYINR towards 61.80 levels.

GBPINR

Technical View:

GBPINR closed up on Tuesday and managed to sustain above its previous close.

In addition, price has taken lower Bollinger band support and pullback which indicate bullish sentiments in the counter.

Moreover, price has moved above 21 days SMA on the daily chart , which indicates bullish sentiments in the price.

As per the above technical structure, we are expecting bullish movement in prices towards 90.70 level.

EURINR

Technical View:

EURINR closed flat on Tuesday and managed to sustain near its previous close.

In addition, price has taken falling trend line resistance which indicate bearish sentiments in the counter.

Moreover, price has moved below 21 days SMA on the daily chart , which indicates bearish sentiments in the price.

As per the above technical structure, we are expecting bearish movement in prices towards 79.50 level.

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