YEN INR Future Daily Chart Technical Analysis
Yen rupee future of December expiry on last trading session closed at 63.54 with gain. Yen rupee future from lows of 61.65 given smart recovery on value buying as well as short covering and hit my 63 rupee recovery target then we saw high of 64.3. Now if sustain above 63 then expect this rally to head towards again 64.3 and then possibly 67 rupee on sharp short covering around top !!
Yen rupee future weekly chart technical analysis
Yen rupee future on weekly chart showing gain for this week. This was second gaining week for yen and in these 2 weeks yen rallied from 61.8 to high of 64.3. Means 2.5 or 4% plus recovery move. Look like yen has taken support around 62.15 and now approaching 63.65 resistance levels and above it expect 66-67 rupee levels in medium terms.
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