USD/JPY TECHNICAL OUTLOOK:2.11.2016
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
USD/JPY. Pair after opening at104.75 and made HIGH of 105.11 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 utiize the rise to sell the pair.
Fundamental Overview
Yen is trading at 103.75, appreciating the most against the US dollar as markets reacted to the narrowing lead of Hillary Clinton against Donald Trump. Nervousness in the global markets led to a sharp rise in the demand for safe haven Yen. We expect further volatility in the global markets and have turned positive for Yen.
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Fundamental Overview
Yen is trading at 103.75, appreciating the most against the US dollar as markets reacted to the narrowing lead of Hillary Clinton against Donald Trump. Nervousness in the global markets led to a sharp rise in the demand for safe haven Yen. We expect further volatility in the global markets and have turned positive for Yen.