deman and supply analysis of JPYINR
the price action has reversed form the demad zone at 64.261 with a target at 66.000 and stop loss at 64.000
now the bullish sentiment of the USD has subsided due to the disappointing Non farm payrolls data, we may expect rate hike in decemeber for the USD. hence JPY has enough room to increase in the meantime.
now iam in LONG position of JPYINR
now the bullish sentiment of the USD has subsided due to the disappointing Non farm payrolls data, we may expect rate hike in decemeber for the USD. hence JPY has enough room to increase in the meantime.
now iam in LONG position of JPYINR
Comment:
i had been early in to the long position, the cross of 0.64702 is critical if done then LONG position is on.
Trade closed manually