Mtechtips MCX-SX JPYINR INTRADAY trading analysis 16-09-2016
MTECHTIPS Yen traded little changed Thursday as investors await monetary policy decision from the US and Japanese central bank next week.JPYINR rebounded and settled at 65.6425, with a gain of 0.49%. On the EOD chart abandoned baby candle stick formation is indicating for bullishness in JPYINR. Further, 65.75 will act as a strong resistance and valid buy is expected to come above this levels. Target would be 66.00-66.20.