USDJPY Price Pulls Back, Bearish Movement May Continue - Swastika Investmart
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News in headline:
* Dollar declines as Fed's Powell maintains dovish message
* USDJPY Price Pulls Back, Bearish Movement May Continue
* Pound US Dollar (GBP/USD) Exchange Rate to Drop Lower on US Tapering Hints?
Chart of the day:
The day trend in EURINR is indicating downside move as failed to sustain at upside levels and making lower lows and lower facing resistance so sell on rise can be followed.
Technical View:
* The mixed move can be seen in currency.
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
![Euro remained under pressure on Thursday amid weaker set of economic numbers from Euro zone - ICICI Direct](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/c49d5573f54fd1fe07309fbce5369a52.jpg)
![USDINR is trading near all time low and we might see some RBI intervention but as long as 82.80 - Tradebulls Securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/0732326f21b0692a41afc4432d1a7a56.jpg)
![GBPINR broke down below its 100 DMA yesterday and closed with a big bearish candle around 103.82 - Swastika Investmart](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/842b8e5254d53919452a82c7f06190bd.jpg)
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Weekly Currency : Rupee Likely to depreciate towards 83.00 level - ICICI Direct
![Rupee future maturing on December 28 depreciated by 0.28% yesterday - ICICI Direct](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/12/5c030b2f50db3b59a094fe63ab12ed0b.jpg)
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![The EUR/INR futures pair has support at 89.00 levels whereas resistance is placed at 89.40 levels - Monarch Networth Capital](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/07/d59d42017735e49d46f1e547c8f8efc8.jpg)