JAPANESE YEN / INDIAN RUPEEDiupdate JPYINR 4h time frame. thought process.
JPYINR 4h time frame. channel toped. wait for a consolidation pattern to form. chances are that it will retrace 50% 61.8% fib level after a huge move. it might happen that if it create bull flag and channel brokeout too. that's why we have two conviction looking 4h rsi is at extremily overbought zone.
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Waha! this is disasterous. it did brokeout the parallel channel. three days move from 0.63167 to 0.66493 huge move. following Indian equity market disaster Indian currency pairs will act same.
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Hi, I just published a new idea on USDINR do check there's a interesting story.
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