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Mtechtips MCX-SX JPYINR INTRADAY trading analysis 09-01-2017

Sunday, January 8, 2017 22:44
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Mtechtips MCX-SX JPYINR INTRADAY trading analysis 09-01-2017



MTECHTIPS Yen Rupee Future This Week Closed St 58.76 With Gain. This Was Third Weekly Gain For Yen Against Rupee. We Saw Recovery Rally From Lows Of 57.5 To High Near 59. Total 1.5 Rupee Or Almost 3 % Gains For Yen From Bottom.

Jpy Inr Future Is In Recovery Phase In Downtrend And Look Like This Week Was Last Week Of Upside Move. Below 58.95, Yen Will Remain Weak And Sell For Target Of 56.8 And Below. If Jpy Inr Sustain Above 59 Rupee For 203 Trading Session Then That Signals Uptrend For Yen In January Series.

Yen Rupee Long Term Chart Are Bearish And Showing Absolute Downtrend For Yen. On Upside 60.7 Is Major Hurdle For Yen And Below It Expect Deep Downside For Yen In 2017 And My Targets Are 52.5 And Then 46.65.




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