Mtechtips MCX-SX JPYINR INTRADAY trading analysis 02-03-2016
Wednesday, March 2, 2016 0:18
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Mtechtips MCX-SX JPYINR INTRADAY trading analysis 02-03-2016
MTECHTIPS :-Yen traded at over one-week low on Monday as investors moved to the safe-haven currency after Saudi Arabia refused to cut oil production leaving worries about the oil supply glut unaddressed JPYINR has stalled its recent bullish trend and Since 24 Feb 2016, trading below the strong resistance of 61.75. Short term trend is expected to remain bearish unless pair gives a closing above 61.75. Immediate support is seen at 60.90 and a break below could bring decent fall towards 60.50-60.00
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