December 5, 2016

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 03-08-2016
MTECHTIPS The yen hit its strongest in three weeks, pushing past 102 yen per dollar for the first time since early July after Japan’s cabinet approved a package of spending including 13.5 trillion yen in new fiscal measures. JPYINR continued its bullish trend and settled with a gain of 0.37% at 65.7575 levels. A long bullish candle stick formation and break out of massive resistance 65.60 on EOD chart is indicating for bullishness in the pair, and any dip towards 65.50-65.40 is expect to attract near term buying activities.
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