October 23, 2016

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 29-08-2016
MTECHTIPS Sell around 67.10-67.20 Target 66.70-66.20. Stop loss above 67.35 Japanese Yen has stalled its recent bullish trend and retraced more than 0.25% from the weekly high 67.10 as dollar weakened on caution ahead of Federal Reserve Chairperson, Janet Yellen speech at Jackson Hole Symposium on Friday. Buy strategy given above 67.10 was not initiated. on the weekly chart a high wave candle stick formation is indicating for bullish trend reversal in JPYINR .On the upside, pair would need to trade above 67.40 in order to test 68.00-68.50 and above.


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