USD/JPY TECHNICAL OUTLOOK : 10.01.2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
USD/JPY. Pair after opening at 116.89made a high of 117.25 and saw the strongest reversal after the
release the pair tested the Fibonacci 0.618 of this move is pair is expected to consolidate in the range of 115.00-117.00 for the coming days so try to trade that range.
Fundamental Overview
Yen is trading at 116.10,appreciating against the US dollar in yesterdays session. Movement in the pair was influenced by the US dollar consolidation as the Japanese markets remained closed yesterday. household confidence is the only data that is to be reported today and is unlikely to have a major impact. 115 will continue to act as a strong support .
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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release the pair tested the Fibonacci 0.618 of this move is pair is expected to consolidate in the range of 115.00-117.00 for the coming days so try to trade that range.
Fundamental Overview
Yen is trading at 116.10,appreciating against the US dollar in yesterdays session. Movement in the pair was influenced by the US dollar consolidation as the Japanese markets remained closed yesterday. household confidence is the only data that is to be reported today and is unlikely to have a major impact. 115 will continue to act as a strong support .