USD/JPY TECHNICAL OUTLOOK : 2.12.2016
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
USD/JPY. Pair after opening at 113.00 and made high of 113.14 and saw some sidewise session after a bearish candle after a continuing with the upward trend for past many days 114 is a key resistance and pair is likely to be respect 110 as it has taken out 109 comfortably. Expect some resistance near the 114.00 and likely to be volatile but can BUY the pair for the day.
Fundamental Overview
Yen is trading at 114.07, appreciating against the US dollar as the formers rally stalled yesterday. Positive data from the US failed to move the dollar higher as investors preferred to stay on the sidelines before the key US non-farm data in the evening today. Expect sideways movement in the pair and a positive reading from the US will drive the pair towards 115 in the evening.
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Fundamental Overview
Yen is trading at 114.07, appreciating against the US dollar as the formers rally stalled yesterday. Positive data from the US failed to move the dollar higher as investors preferred to stay on the sidelines before the key US non-farm data in the evening today. Expect sideways movement in the pair and a positive reading from the US will drive the pair towards 115 in the evening.