Yen rupee Future daily chart Analysis
Yen rupee future of March expiry on last trading session closed at 62 with loss. Yen rupee future in this week given 4 down days and 1 upside closing. On chart yen is in bearish trend and below 64.7 rupee remain sell on rise and on downside 63.6 and then 62.8 were bearish targets and both got achieved. After bounce back, yen breached 62.8 rupee support and now trading around 62 and is in super bearish trend and below 62.8 will remain sell on rise for targets of 61.6 and then 60.7 rupees in upcoming 2 weeks.
Yen rupee future weekly chart analysis
Yen rupee future on weekly chart showing loss for this week. This was sixth weekly loss for yen. In these 6 week yen tumbled from highs of 65.7 to low of 62 rupees. Yen weekly chart price trend is now near long term breakdown. Here if yen hold below 62.5 then expect medium to long term downtrend and bearish targets of 60 and then 58 rupees.
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