USD/JPY TECHNICAL OUTLOOK:22.11.2016
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
USD/JPY. Pair after opening at110.86 and made high of 111.36 and formed doji candle near the resistance of 111.40 this signify incision in the pair and tug of war between the bulls and bear s so we may see some consolidation of its gains in the pair for the day and only intraday traders can sell the pair.
Fundamental Overview
Yen is trading at 110.70, correcting from the highs above 111.00 that were seen yesterday in the US session. With most of the positives about the US dollar being priced in, we can expect further correction in the USDJPY pair. There was a powerful earthquake in the northern Japan but had minimal impact on the markets, expect the current trend of dollar correction to continue with 111.00 acting as a near term resistance.
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Fundamental Overview
Yen is trading at 110.70, correcting from the highs above 111.00 that were seen yesterday in the US session. With most of the positives about the US dollar being priced in, we can expect further correction in the USDJPY pair. There was a powerful earthquake in the northern Japan but had minimal impact on the markets, expect the current trend of dollar correction to continue with 111.00 acting as a near term resistance.