The Currency Pair has been making higher highs from a very long time and recently few month back correction has been seen in the currency pair, the pair corrected 0.382 level and again some pullback was seen in the pair which push the index near its resistance  zone; at resistance zone selling pressure was seen which lead the pair to close below the EMA's.

One of the best strategies of the EMA is trading when the security trades below the 2EMA, We will trade if the index closes below 7.32135

The RSI is following the price and is trading near 40. We can expect the RSI to go below 25.

Selling pressure can be seen ahead once the level has been penetrated.

Advice : Sell only if above level is penetrated.

ZAR/JPY

Oct 01 2021

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