Mtechtips MCX-SX JPYINR INTRADAY trading analysis 18-07-2016
Mtechtips MCX-SX JPYINR INTRADAY trading analysis 18-07-2016
MTECHTIPS JPY-INR July Sell below 63.52 Target 63.00-62.50. Stop loss above 63.75Japanese safe haven plunged to its lowest level of June 2016 against the Rupee, first weekly drop since the results of referendum showed UK citizens voted to end their 43-year old membership of the European Union on Jun 24. The Yen gave up 5.48% on expectations of stimulus package by Japanese government and falling safe-haven demand after better than expected economic data from the world’s second largest economy and the freshly re-elected government lowered its growth and inflation outlook following announcement of fiscal spending package. Technically, buy above 64.40 was not initiated in JPYINR July Future as pair remained below 66.89 in entire week. Weekly price action resulted in formation of long bearish candle stick which is indicating for continuation of recent bearish trend, but pair would need to trade below 63.00 in order to test 62.50-62.00, else failure of the break down could crate probability for recovery towards 64.20-64.80 again.
WWW.MTECHTIPS.COM
07489294118-119
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).