YEN rupee Future daily chart Analysis
Yen rupee future of February expiry on last trading session closed at 64.63 with gain. Yen rupee future in this week given 2 down days and 3 big upside closing. On chart yen is in bearish trend and below 65.15 rupee support zone will remain sell. On downside after breakdown we saw yen hit bearish target of 64 rupees. Below 64 next support and target will be 62.5 rupees. But yen on daily chart looking oversold and bouncing back towards 65.15 rupee level.
Yen rupee future weekly chart analysis
Yen rupee future on weekly chart showing loss for this week. This was second weekly loss for yen on profit booking. Yen weekly chart price trend and momentum both are strong bullish. On weekly chart 62.5 is major support for yen and above it expect bullish trend and buy and accumulate strategy for 2019 investment targets of 68.8 and then expect next target around 73 rupees. But now current price pattern suggesting yen is retracing towards support zones so expect lower levels here and then upside levels.
For genuine NSE Currency tips with support and follow ups, subscribe to our Forex advisory services.
Share It
BLOG AUTHOR
Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.
0 comments:
Post a Comment