Mtechtips- MCX-SX JPYINR INTRA DAY trading analysis 25-07-2016
MTECHTIPS Yen rebounded on Thursday as investors booked profit after the pair touched over six-week high ahead of the European Central Bank policy meeting.Sell strategy given below 63.05 was successful with pair drop towards 62.7075 levels. Second predicted level was at 62.50. However pair ended with pullback towards 63.4625. On the EOD chart, a trend reversal candle stick pattern is indicating for momentum upside move in JPYINR. On the downside, crucial support is seen at 62.70 and sustain trade below only will expect to test 62.20-61.80.