Mtechtips MCX-SX JPYINR INTRADAY trading analysis 09-05-2016
MTECHTIPS:- NSE jpy inr future this week closed with gain. This was second weekly gain for yen and in these 2 weeks we saw almost 3 rupee rally in yen. For next week, yen above 61.2 remain bullish and buy on dips. On upside my tgts are 63.35 which is almost achieved my tgt with this week’s move. And above 63.35 next tgt will be 64.5.Traders above 61.2 use corrections to buy and accumulate with stop loss below 61 for tgt 63.35 and 64.5.