YEN INR Future Daily Chart Technical Analysis
Yen rupee future of December expiry on last trading session closed at 63.7 with loss. Yen rupee future is in uptrend unlike others and outperforming here. Yen is trading above major short term averages with bullish signals on indicators. For month of January, yen will remain strong above 63.25 rupee support zone and will head higher for my bullish targets of 64.7 and then possibly 65.75 rupees. If slips below 63.25 on any major event then expect downtrend and lower levels up to 62.25 and below.
Yen rupee future weekly chart technical analysis
Yen rupee future on weekly chart showing gain for this week. This was first gaining week for yen after last week sharp dip up to 62.35 rupees. On weekly chart, yen is trading above major weekly averages after taking support and with bottomed out signals on indicators. For 2019’s long term investment view, yen rupee above 62 rupee level will remain buy and accumulate for targets of 68 and then might show record high levels of 72.6 rupees. Below 62 rupee levels expect downtrend and much lower levels.
Yen rupee future monthly chart technical analysis
Yen rupee future on monthly chart showing gains for December. In November, yen tumbled from highs of 65.76 to lows of 61.65. But in December we saw value buying as well as some short covering from the lows and yen recovered towards 64 rupees level. On monthly chart, 61.5 rupee bottom will remain important level to watch and on upside 65 and 67 rupees will be major resistance zones.
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