USD/JPY TECHNICAL OUTLOOK : 15.12.2016
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
USD/JPY. Pair after opening at 114.82 and made low of 115.47 and saw some sidewise session yesterday after a bearish candle few days back were the pair has created a shooting star pattern with some divergence in indicators but it continuing with the upward trend for past many days 114.70 is a key level , and the pair has taken out the resistance so likely to see some sidewise activity today gap up so intraday is a opportunity to buy.
Fundamental Overview
Yen is trading at 117.38, losing the most against the US dollar in yesterday’s trade. With the policy divergence back in play, expect the Dollar strength to continue for the time being and pullback if any would be limited. We are staring at a possibility of 120.00 in the near term once fiscal policy expansion begins to roll out.
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Fundamental Overview
Yen is trading at 117.38, losing the most against the US dollar in yesterday’s trade. With the policy divergence back in play, expect the Dollar strength to continue for the time being and pullback if any would be limited. We are staring at a possibility of 120.00 in the near term once fiscal policy expansion begins to roll out.