Ilikethehell

Jpyinr 4h. After a pullback to 71

Ilikethehell Updated   
FX_IDC:JPYINR   JAPANESE YEN / INDIAN RUPEE
then drop bellow today's low to 68.50 noted.

Reasons:
1. Rsi divergence
2. Price closing lower low
3. Price following a downward slope parallel channel
4. There's a 50 and 618% retracement at 70.80

Comment:
The idea still working price reached to shorting level
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.