February 23, 2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 31-08-2016

MTECHTIPS Yen extended its fall for second straight session Tuesday as dollar continued its surge against major currencies to trade at over two-week high on fears Federal Reserve may hike its interest rates soon.JPYINR settled at 65.8325 compare to previous close of 66.0150. A break down below its crucial support 65.75 is indicating for bearish move in JPYINR and pair may test 65.00-64.75 very soon.Immediate resistance is seen at 65.85 then 66.10.





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