Mtechtips MCX-SX JPYINR INTRADAY trading analysis 28-06-2016
Mtechtips MCX-SX JPYINR INTRADAY trading analysis 28-06-2016
MTECHTIPS Yen rose in response to continued risk aversion after the UK citizens voted to leave the membership of the European Union in a referendum last Thursday. JPYINR extended its recent bullish trend and settled with a gain of 0.67% at 66.8725 levels. Near term trend is expect to remain bullish following to the strong breakout of short term consolidation and any dip towards 66.80-66.90 is expect to attract near term buying activities Buy on dip around 66.20-66.30 Target 66.70-66.90. Stop loss below 66.00..
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