JPY to INR daily chart technical analysis
JPY to INR spot pair is last closed at 58.18 with loss. On daily chart yen is trending lower against Indian rupee with strong selling momentum. For next week, JPY to INR support zones are 58 rupee and then 57.2 while on upside 59.55 will be first resistance as well as it is JPY to INR 1 month average level. Above it 60.15 is JPY to INR 3 month average and next resistance on daily chart. Daily chart indicators are bearish but oversold so technical bounce back is due ahead.
JPY to INR weekly chart technical analysis
JPY to INR spot this week closed with loss. This week yen rupee spot hit high at 59.67 while hit low at 58.14. Total 1.5-rupee weekly range or 2.5% weekly swing and yen continue downtrend with another deep loss. Weekly chart price trend and momentum both are bearish for yen.
From medium to long-term view, 56.5 and 54 are strong support zones for JPY to INR while on upside 58.5 and 60.15 are strong resistances. 60.15 is pairs 6 month average, above it 60.85 is 12 month average and 61.05 is 2 years average zone. Investors below 61 keep short view for yen and expect once gain 56 to 54 levels on chart. Indicators are once again heading towards oversold zone.