Head & Shoulders Bottom in JPYINR 4H

做多

JAPANESE YEN / INDIAN RUPEE (FX_IDC:JPYINR)

FX_IDC:JPYINR JAPANESE YEN / INDIAN RUPEE

trendanalysis chartpattern jpyinr jpyinrtrendanalysis jpyinrtechnicalchart 4h 4hour headandshouldersformation head_and_shoulder

JPYINR currency spot pair has formed a head and shoulders bottom on the 4H time frame. The price broke out of the resistance line today. It would make sense go long on a retracement back to the trendline for a measured move target of 0.60 on the spot pair.

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