Mtechtips MCX-SX JPYINR INTRADAY trading analysis 27-01-2016
Tuesday, January 26, 2016 23:39
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Mtechtips MCX-SX JPYINR INTRADAY trading analysis 27-01-2016
Mtechtips Yen traded flat Monday on expectation that the Bank of Japan may refrain from easing its monetary policy further this week amid strong dollar.Today, JPYINR witnessed slightly positive opening at 57.70 and trading at 57.67 levels. Short term trend is expect to remain bullish and any dip towards 57.30-57.15 could attract huge buying activities with stop loss of 56.90 On the downside, crucial support is seen at 56.85 sustain trade below only could test 56.50-56.30.
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