Mtechtips MCX-SX JPYINR INTRADAY trading analysis 03-02-2016
Wednesday, February 3, 2016 3:37
% of readers think this story is Fact. Add your two cents.
Mtechtips MCX-SX JPYINR INTRADAY trading analysis 03-02-2016
Mtechtips Japanese Yen traded up for second straight day Tuesday as demand for safe-haven yen increased after oil prices tumbled on fear of lower demand following weak manufacturing data from US and China.
After witnessing a recovery rally towards 56.66, JPYINR tested 56.39 and settled at 56.48 levels. Near term trend is expect to remain negative and any rise towards 57.50-57.60 could attract huge selling pressure for the target 56.80 -56.00. Stop loss above 57.80 and below.
WWW.MTECHTIPS.COM
07489294118-119
