YEN INR Future Daily Chart Technical Analysis
Yen rupee future of December expiry on last trading session closed at 63.02 with loss. 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. Now if sustain above 63 then expect this rally turn bullish for upside targets of 64.45 and above. But fails to hold here then expect 60.65 levels on downside in next weeks.
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 and in this week yen rallied from 61.8 to high of 63.42. Means 1.6 or 2% plus recovery move. Look like yen has taken support around 62.15 and now approaching 63.65 resistance level on renewed buying. Prices on weekly chart are oversold so if yen hold 62.12 support then expect big upside targets in medium to longer terms.
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