Mtechtips MCX-SX JPYINR INTRADAY trading analysis 28-01-2016

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 28-01-2016

Mtechtips Yen traded up on Wednesday on growing expectations that at the FOMC meeting the Fed will deliver a balanced message focusing on the slowdown in the fourth quarter and sharp decline in inflation expectations owning to falling oil prices.Today, JPYINR witnessed more than 20 paisa negative opening and trading at 57.60 levels short term trend is expect to remain bearish following to the high wave candle stick on EOD chart.Intraday sell  will expect to come around 57.65-57.70. Target 57.30-57.00. Stop loss above 57.85.

WWW.MTECHTIPS.COM

07489294118-119