October 24, 2016

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 22-09-2016
MTECHTIPS Yen breached its highest one-week high Wednesday after Bank of Japan tweaked policy framework by targeting 10-year interest rate and at the same time kept options open to more rate cut into negative territory in a bid to tackle deflation.JPYINR swung in between gains and loss following to the Bank of Japan Policy. Pair retraced from the day high 66.48 and tested 65.39 before closing at 66.18 levels.On the EOD chart pair yet failed to break its 29 August 2016 high and formed a long bearish candle stick which is indicating for short term negative trend in JPYINR.Further, 66.55 will act as an immediate resistance and JPYINR would need to trade above it in order to test 66.85-67.10.


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.