JPYINR daily chart technical analysis
JPYINR spot pair on last trading session closed with gain. Yen had given bullish breakout around 60.5 levels and now trending higher. Short-term trend and momentum is bullish for yen and expect to continue in next week. On downside 60.5 is pairs 3 month average and major support zone on closing basis. On upside JPYINR resistance zones for next week are at 62 and 64.5. On indicators, bullish but seems too overbought so expect consolidation and then up move.
JPYINR weekly chart technical analysis
JPYINR spot pair this week closed with flat gains. This was second week of gains for this pair. JPYINR is now given weekly closing above medium to long-term average and suggesting long-term bullish breakout. Above 60 on weekly closing basis, swing traders and investors must keep long view for targets 64-67. Indicators are off the low and forming bullish divergences suggesting higher levels in medium to long terms.