USD/JPY TECHNICAL OUTLOOK : 3.11.2016
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
USD/JPY. Pair after opening at104.02 and made HIGH of 102.17 and could not sustain the higher levels of 105 mark the pair now violated the crucial supports of 104 mark so now the supports will become resistance and pair is likely to see supply in that region intraday utilize the rise to sell the pair
Fundamental Overview
Yen is trading at 102.75, continuing to appreciate against the US dollar as investors remained nervous before the US elections. US dollar continued to remain sold after the FOMC statement and the trend is likely to continue going into the US elections. Japan remains closed today but safe haven buying would keep the Yen bid.
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Fundamental Overview
Yen is trading at 102.75, continuing to appreciate against the US dollar as investors remained nervous before the US elections. US dollar continued to remain sold after the FOMC statement and the trend is likely to continue going into the US elections. Japan remains closed today but safe haven buying would keep the Yen bid.