At higher levels the pair has formed a Shooting Star, next day the pair close below 3 day close indicating a strong negative trend, which lead the price to its support zone. At the Support zone buying was seen in the pair, if the pair closes above 85.7325 we will suggest to buy the Pair with the SL of 85.35, if the pair shows weakness below 85.7325 we would suggest to sell the pair with a SL of 86.145

Current move in the pair can be a retracement move, if the move is not able to sustain and selling pressure is seen in the pair we can expect the pair to correct till 83. A 3$ correction would be a big move in the Pair.

SGD/JPY

Mar 03 2022