January 17, 2017


Mtechtips MCX-SX JPYINR INTRADAY trading analysis 28-09-2016

MTECHTIPS Yen traded near one-month high Tuesday as investors’ risk-appetite improved after the US presidential debate increased optimism that Democratic nominee Hillary Clinton may indeed become the 45th president of the US.JPYINR recovered from the day low 66.1150 and tested 66.5375 before closing at 66.51 levels. On the EOD chart pair taking support of 50% Fibonacci Retracement of its previous rally which creating probability for momentum gains towards 66.80-67.10 again.  On the downside, crucial support likely to seen at 66.00 and correction is expect to come below this level target would be 65.76-65.50.





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