December 10, 2016

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 06-09-2016

MTECHTIPS Sell below 64.80 Target 64.20-63.90. Stop loss above 65.10Japanese Yen remains in a strong sell and plunged 3.30% last week, settled at 64.8323 as dollar continued its surge against major currencies to trade at over two-week high on fears Federal Reserve may hike its interest rates soon. The strength of the US dollar and the move away from safe haven is helping the yen to dip a bit. As was expected pair drop below than predicted level of 66.20. a double drop pattern on the weekly chart is yet indicating for bearishness in the pair and it may test 63.50-62.80 very soon.

  WWW.MTECHTIPS.COM

07489294118-119

 

mtech_tips1

Comments are closed.

NOTE : You are advised to take your position with your sense and judgment.The views and investment tips expressed by users on MCXStar.com are their own, and not that of the website or its management. MCXStar.com advises users to check with certified experts before taking any investment decisions. If any other company also giving same script and recommandation then we are not responsible for that. We have not any position in our given scripts. Visiting our web one should by agree to our terms and condition and disclaimer also. All credit goes to original authors of post on this website. Website owner is not responsible for any loss due to your own decision or judgement. Thanks for Visiting our Website.