Home / TIPS / Mtechtips MCX-SX JPYINR INTRADAY trading analysis 18-09-2015

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 18-09-2015

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 18-09-2015

Mtechtips Yen held weaker in Asia on Friday after the Federal Reserve decided to stand pat on monetary policy in the face of global economic volatility.Near term trend is looking sluggish in JPYINR.  Immediate support is seen at 55.20 and resistance at 55.80.  A break below 55.20 could result downside move towards 55.00-54.80 again.  

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