December 8, 2016

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 01-09-2016

MTECHTIPS Yen extended its recent fall on Wednesday as dollar index pared initial losses ahead of the key US jobs data due later this week.JPYINR extended its fall for third consecutive day and after hitting a low of 65.12 settled at 65.15. Sell strategy given below 65.75 was rocked and pair hit first predicted level. A breakdown of its near term trend line support which has been hold since 29 July 2016 is indicating for bearishness in the JPYINR.Sell below 65.10 Target 64.80-64.55. Stop loss above 65.25.

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