October 21, 2016

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.




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