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Mtechtips MCX-SX JPYINR INTRADAY trading
analysis 03-08-2016
MTECHTIPS The yen hit its strongest in three weeks, pushing past
102 yen per dollar for the first time since early July after Japan's cabinet
approved a package of spending including 13.5 trillion yen in new fiscal
measures.JPYINR continued its bullish trend and settled with a gain of 0.37% at
65.7575 levels. A long bullish candle
stick formation and break out of massive resistance 65.60 on EOD chart is
indicating for bullishness in the pair, and any dip towards 65.50-65.40 is
expect to attract near term buying activities.
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