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Mtechtips
MCX-SX JPYINR INTRADAY trading analysis 21-01-2016
Mtechtips
Japanese Yen retraced more than 0.65% on Tuesday after China's fourth quarter
gross domestic product came mostly in line with market expectations and thereby
lowering demand for safe-haven yen.JPYINR retraced from the day high 58.99 and
settled at 58.29. Near term trend is expect to remain bullish. Today, immediate
support is seen at 57.75 and sustain move below only will expect to test
57.50-57.25, else JPYINR continued its upwards trend.
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