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Rising Wedge in JPYINR

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JAPANESE YEN / INDIAN RUPEE (FX_IDC:JPYINR)  
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FX_IDC:JPYINR   JAPANESE YEN / INDIAN RUPEE
Trend Analysis Chart Patterns JPYINR jpyinrtechnicalchart jpyinrshort Rising Wedge wedgepatterns
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trendanalysis chartpattern jpyinr jpyinrtechnicalchart jpyinrshort risingwedge wedgepatterns
Japanese Yen to Indian Rupee pair (JPYINR) has been forming rising wedge for some time on the Daily time frame. This is also supported by fall in momentum as shown in the RSI.
The pair has rejected bulls for last few days. Conditions look ripe for a fall in price toward wedge target zone of 0.6140 on the JPYINR spot pair. SL may be kept above Friday high, around 0.64.
Dagangan ditutup: sasaran tercapai:
Target reached. Either full profits can be booked, or part profits with rest of the position left running with tight SLs.
Penafian

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