USD/JPY TECHNICAL OUTLOOK:10/19/2016
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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USD/JPY. Pair after opening at 104.24 and made low of 103.30 and was trading with sidewise the pair has not able to violated the recent swing high of 104.62 and corrected from there and has come down from that levels so for today's session the pair is likely to trade side wise
Fundamental Overview
Yen is trading at 103.79, remaining on a positive note and below the 104.00 mark. Consolidation in the US dollar led to the appreciation of Yen to 103.60 but the pair continues to remain near the 104.00 level. Further direction would be dependent on the US dollar strength but the pair is likely to remain range bound for the day
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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USD/JPY. Pair after opening at 104.24 and made low of 103.30 and was trading with sidewise the pair has not able to violated the recent swing high of 104.62 and corrected from there and has come down from that levels so for today's session the pair is likely to trade side wise
Fundamental Overview
Yen is trading at 103.79, remaining on a positive note and below the 104.00 mark. Consolidation in the US dollar led to the appreciation of Yen to 103.60 but the pair continues to remain near the 104.00 level. Further direction would be dependent on the US dollar strength but the pair is likely to remain range bound for the day