February 27, 2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 19-08-2016

MTECHTIPS Yen traded down for the third-straight session Thursday as dollar weakened after a Federal Reserve’s July meeting minutes showed cautious stance by the US central Bank on interest rate.JPYINR has stalled its recent bullish trend and settled at 66.69 down 0.26%.  A bearish harami candle stick formation on EOD chart is indicating for momentum correction in the pair. On the other hand, strong resistance is seen at 67.00 and sustain trade above only will expect to test 67.45-67.70.





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