December 5, 2016

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 27-09-2016

MTECHTIPS Yen traded little changed Monday as investors await more clarity on the Bank of Japan’s new “yield curve control” policy framework from Bank of Japan Governor, Haruhiko Kuroda’s comments later today.JPYINR recovered more than 0.25% from the day low 66.04 and settled at 66.35 levels. On the EOD chart pair found strong 65.90 and tested 66.40.  A long bullish candle stick formation also creating probability for momentum gain in JPYINR. on the downside, crucial support is seen at 65.90 sustain trade below only will expect to test 65.65-65.40.

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