USD/JPY TECHNICAL OUTLOOK:16.11.2016
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
USD/JPY. Pair after opening at 107.52 and made low of 106.50 and seen some buying due to dollar demand and the pair could not sustain the lower levels of 106.50 mark and was trading volatile to positive bias now the pair is trading above 108 mark that will act as a strong support and swing high of 105.5 mark, has been violated so intraday dips shall be outsized to buy the pair and the pair can head higher
Fundamental Overview
Yen continued to remain weak, trading above the 109.00 mark in today’s session. Japanese Yen has been the most affected currency because of the US dollar weakness, for lack of any domestic cues. Expect further weakness in currency with a view to reach 110 in the near term.
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Fundamental Overview
Yen continued to remain weak, trading above the 109.00 mark in today’s session. Japanese Yen has been the most affected currency because of the US dollar weakness, for lack of any domestic cues. Expect further weakness in currency with a view to reach 110 in the near term.