JPY/INR may rise 44 - 65 pips

Our pivot point is at 0.5932.

Our preference

As long as 0.5932 is support look for 0.6025.

Alternative scenario

The downside breakout of 0.5932 would call for 0.5896 and 0.5874.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.5948 and 0.5918).

Supports and resistances

0.6068 **

0.6046 *

0.6025 **

0.6004

0.5960 last

0.5946

0.5932 **

0.5896 *

0.5874 **

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