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MCX-SX JPYINR INTRADAY trading analysis 27-01-2016
Mtechtips
Yen traded flat Monday on expectation that the Bank of Japan may refrain from
easing its monetary policy further this week amid strong dollar.Today, JPYINR
witnessed slightly positive opening at 57.70 and trading at 57.67 levels. Short term trend is expect to remain bullish
and any dip towards 57.30-57.15 could attract huge buying activities with stop
loss of 56.90 On the downside, crucial support is seen at 56.85 sustain trade
below only could test 56.50-56.30.
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