February 25, 2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 07-09-2016
MTECHTIPS Yen extended its fall on Tuesday after a former key policy makers of Bank of Japan hinted that the country’s central bank was unlikely to ease in September.After hitting a low of 64.4225, JPYINR saw a pullback and tested 64.74 before closing at 64.62 levels. Intraday price action resulted in formation of hammer candle stick which is indicating for trend reversal in JPYINR and pair may test 65.85-66.50 again. Further, pair would need to trade below 64.40 in order to test 64.00-63.80.


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