USD/JPY TECHNICAL OUTLOOK:11.11.2016
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
USD/JPY. Pair after opening at104.42 and made HIGH of 106.70 and seen some buying due to dollar demand and the pair could not sustain the lower levels of 104 mark and was trading volatile with positive bias now the pair is trading above 106 mark that will act as a strong support and l\ swing high of 105.5 mark, has been violated so intraday dips shall be outsized to buy the pair.
Fundamental Overview
Yen continued to trend lower against the US dollar with a test of 106.90 in yesterday’s session. Dollar rally has driven the pair higher and we expect this momentum to slow down in the coming sessions. 107.00 could act as a resistance in the near term.
Economic Data & News
TIME COUNTRY DATA SURV PREVIOUS
10:00:00 AM JPY Tertiary Industry Activity Index (MoM) -0.20% 0.00%
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Fundamental Overview
Yen continued to trend lower against the US dollar with a test of 106.90 in yesterday’s session. Dollar rally has driven the pair higher and we expect this momentum to slow down in the coming sessions. 107.00 could act as a resistance in the near term.
Economic Data & News
TIME COUNTRY DATA SURV PREVIOUS
10:00:00 AM JPY Tertiary Industry Activity Index (MoM) -0.20% 0.00%