Hammer formation near 61.8% Fibonacci retracement along with rising trend line support.
USDJPY retests neckline of inverse head and shoulder pattern along with confluence of rising trend line support.
Breakdown of rising channel and head and shoulder pattern.
Rising volume in side ways market indicates accumulation which may lead in sharp spurt anytime this quarter.
Rising volume without price damage indicates accumulation.
Hammer confirmed with record volume - Bull setup in YES BANK
Bull setup with favorable risk reward.
Breakout and Retest of falling trend line with rising channel support.
Bulls may enter with stop loss below 1.0970 for the target of 1.12
Stiff resistance near 0.6670 zone. Expecting levels of 0.6480 with stop loss above 0.66.80.
Bulls seems to have entered again near confluence of 61.8% Fibonacci retracement and previous low supported by bullish divergence in RSI.
Ideal stop loss 11220 for the target of 11400
Short EURINR with stop loss of 79.40 for the target of 77.00.