JPY/INR may rise to 0.5618 - 0.5704

Our pivot point is at 0.5281.

Our preference

The upside prevails as long as 0.5281 is support.

Alternative scenario

Below 0.5281, expect 0.5139 and 0.5054.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.5300 and 0.5288).

Supports and resistances

0.5876 **

0.5790 *

0.5704 **

0.5618

0.5403 last

0.5337

0.5281 **

0.5139 *

0.5054 **

Number of asterisks represents the strength of support and resistance levels.