Yen rupee Future daily chart Analysis
Yen rupee future of March expiry on last trading session closed at 62.53 with gain. Yen rupee future in this week given 2 down days and 2 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 hit 61.5 level and now look like taken support around those level and hit 62.6 on upside. Here watch 62.6 level closely, above it expect sharp short covering rally up to 63.5 and above. Below it expect downside to continue. Expect high volatility ahead on news flow.
Yen rupee future weekly chart analysis
Yen rupee future on weekly chart showing gain for this week. This was first weekly gain for yen after 6 weeks continues fall. This week we saw 1 rupee range and positive closing. Yen below 62.75 will remain weak and sell for long term for target 60 and 58 rupees. So watch 62.75 level on weekly closing basis.
https://www.youtube.com/watch?v=AAp_tE2hZpI
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