USD/JPY TECHNICAL OUTLOOK : 07.02.2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Fundamental Overview
Yen is trading at 111.91, appreciating against the US dollar as demand for the Yen as a safe haven pushed the pair lower. Political uncertainty in Europe, inaction from Trump administration and lower crude prices moved risk aversion higher and led to the USDJPY pair breaking the 112.00 mark. Sharp fall from these levels might not be likely.
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
USD/JPY. Pair after opening at 112.42 made high of 112.77 and was trading with some negative bias and after our market closed the pair violated the supports of 112.00 and trading below 50DMA at 113.50 that was acting for past many day now 112.00 levels will become a strong resistance any only for the near term utilize rise to sell the pair.Fundamental Overview
Yen is trading at 111.91, appreciating against the US dollar as demand for the Yen as a safe haven pushed the pair lower. Political uncertainty in Europe, inaction from Trump administration and lower crude prices moved risk aversion higher and led to the USDJPY pair breaking the 112.00 mark. Sharp fall from these levels might not be likely.