February 25, 2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 14-09-2016

MTECHTIPS The yen weakened in Asia on Wednesday as investors responded to a report on possible changes to the Bank of Japan’s easing policies and the kiwi rebounded after a wider than expected current account deficit..JPYINR has stalled its recent bearish move and recovered more than 0.90%. A long bullish candle stick formation on the EOD chart is yet indicating for bullishness in the pair. Further pair would need to trade above its immediate resistance 65.70 in order to test 66.00-66.25 else, any rise towards 65.45-65.50 could attract short term selling activities for the target 65.25-64.90.




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.