Mtechtips MCX-SX JPYINR INTRADAY trading analysis 07-10-2016

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 07-10-2016

MTECHTIPS Yen little changed Thursday ahead of the crucial non-farm payrolls data from the world’s largest economy for clues on the path of US interest rate trajectory. JPYINR extended its recent bearish trend and settled down by 0.25% at 64.49 compare to previous close of 64.7825 levels. A breakdown of rising channel pattern on the DOE chart is yet indicating for bearishness in JPYINR and any rise towards 64.85-64.90 could attract short term selling activities with stop loss above 65.10.
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