Mtechtips MCX-SX JPYINR INTRADAY trading analysis 16-05-2016
Mtechtips MCX-SX JPYINR INTRADAY trading analysis 16-05-2016
MTECHTIPS:- Yen extended its fall for second week on renewed speculation about the monetary policy easing in Japan and the U.S. will diverge further while greenback recovered more than over 2% in the last two days on verbal intervention by the Japanese policymakers.Bank of Japan’s Governor Haruhiko Kuroda on Thursday said that the central bank will take additional easing action to achieve its inflation target and including Finance Minister Taro Aso, reiterated this week that the government can intervene to stabilize foreign-exchange markets if necessary also weighed on sentiment. A formation evening doji star stick formation on weekly chart is indicating for bullish trend reversal in JPY-INR. Further, a break above 63.15 only could expect to show next bullish move towards 63.50-64.0.0.
Sell around 61.65-61.75 Targets 61.10-60.60. Stop loss above 61.95 (LTP: 61.47).
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).