USD/JPY TECHNICAL OUTLOOK:4.11.2016
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
USD/JPY. Pair after opening at 104.02 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 103.03, with limited change in the previous day as investors remained on the sidelined. 102.50 acted as a strong support as markets have priced in the uncertainty to an extent. With only a few days remaining for the elections, nervousness to drive Yen towards 102.00 again.
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Fundamental Overview
Yen is trading at 103.03, with limited change in the previous day as investors remained on the sidelined. 102.50 acted as a strong support as markets have priced in the uncertainty to an extent. With only a few days remaining for the elections, nervousness to drive Yen towards 102.00 again.