Thursday, January 5, 2017

USD/JPY TECHNICAL OUTLOOK : 06.01.2017

USD/JPY TECHNICAL OUTLOOK : 06.01.2017
NIFTY FUT  TREND             : SELL ZONE
BANKNIFTY FUT  TREND  : SELL ZONE


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USD/JPY. Pair after opening at 117.21 made a high of 117.43 and saw the strongest fall after three months the pair was not able to surpass the levels of 119 and saw yesterday supply coming in after the disappointment ADP payroll data the pair can correct to the levels of 115 where it can find support so likely to be volatile ahead of Nonfarm payroll data today.

Fundamental Overview

USD/JPY is trading at 115.858. saw the strongest fall after three months the pair was not able to surpass the levels of 119 and saw yesterday supply coming in after the disappointment ADP payroll data the pair can correct to the levels of 115 we have no major economic data reported from Japan for the day. The pair is likely to trade following the trend of Global pairs.
USD/JPY TECHNICAL OUTLOOK : 06.01.2017