Mtechtips MCX-SX JPYINR INTRADAY trading analysis 21-01-2016
Wednesday, January 20, 2016 23:23
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Mtechtips MCX-SX JPYINR INTRADAY trading analysis 21-01-2016
Mtechtips Japanese Yen retraced more than 0.65% on Tuesday after China’s fourth quarter gross domestic product came mostly in line with market expectations and thereby lowering demand for safe-haven yen.JPYINR retraced from the day high 58.99 and settled at 58.29. Near term trend is expect to remain bullish. Today, immediate support is seen at 57.75 and sustain move below only will expect to test 57.50-57.25, else JPYINR continued its upwards trend.
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