February 26, 2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 23-09-2016

MTECHTIPS Yen traded near four-week low Thursday as dollar weakened after the US Federal Reserve left its monetary policy unchanged and projected a gradual pace rate increases in coming years.JPYINR retraced from the day high 66.70 and settled 66.18 levels. A long bearish candle stick on the EOD chart is yet indicating for bearishness 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.




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