Mtechtips MCX-SX JPYINR INTRADAY trading analysis 20-01-2016

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 20-01-2016

Mtechtips Japanese Yen traded up Friday after the People's Bank of China raised reference rate for Yuan most in nearly a month leading to lower safe-haven bets for the Japanese currency. JPYINR trading at 58.07, will expect to test 58.25-58.50. Immediate support is seen at 58.00 Sustain trade below only will expect to test 57.75-57.50.

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