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MCX-SX JPYINR INTRADAY trading analysis 14-01-2016
Mtechtips
JPYINR traded down Tuesday on global risk aversion that increased bids for the
safe-haven yen as Japan's stocks dipped 2.7% on persistent concern over Chinese
economy.JPYINR settled down by 0.16% at 56.80 levels. Near term trend is expect to remain slightly
negative following to the EOD candle stick. Today, correction is expected to
come around 56.90-57.00. On the upside strong resistance is seen at 57.25
sustain trade above only will expect to test 57.60-58.00.
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