JPY INR currency future weekly call for 14 to 18th JAN
yen rupee future this week closed at 65.26 with huge gain. this week jpy rallied from low of 64.28 to highs of 65.63 rupees.
yen rupee future january series bullish swing targets of 64.65 and then 65.8 rupees.
for next week, jpy inr future if gives breakout above 65.8 then expect super bullish trend and upside short covering rally up to 67 to 68+ rupees.
but fails then expect correction and consolidation towards 63 rupee support level.
jpy inr future on downside has support around 65 and 64 rupees.
from investment view, yen above 62.8 rupee level will remain bullish and will head for targets of 68.8 to 73 rupees.
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