in ANALISA by hafid zaini

7647123 7/13/2017 6:17 PM, JPY/INR intraday: target 0.5669


Our pivot point stands at 0.5722.


Our preference

: target 0.5669.


Alternative scenario

: the upside breakout of 0.5722, would call for 0.5741 and 0.5752.


Comment

: the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 0.5700 and 0.5677).


Supports and resistances

:

0.5752 **

0.5741 *

0.5722 **

0.5715

0.5707 last

0.5680

0.5669 **

0.5658 *

0.5647 **