7640826 7/12/2017 5:12 PM, JPY/INR intraday: rise to 0.5673


Our pivot point stands at 0.5673.


Our preference

: rise to 0.5673.


Alternative scenario

: below 0.5673, expect 0.5653 and 0.5641.


Comment

: the RSI is below 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI should trigger further gains. Moreover, the pair is above its 20 and 50 MAs (respectively at 0.5681 and 0.5663).


Supports and resistances

:

0.5752 **

0.5740 *

0.5728 **

0.5716

0.5689 last

0.5681

0.5673 **

0.5653 *

0.5641 **