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Mtechtips MCX-SX JPYINR intraday trading analysis 11-03-2013

Mtechtips MCX-SX JPYINR intraday trading analysis 11-03-2013

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MTECHTIPS

Mtechtips MCX-SX JPYINR intraday trading analysis 11-03-2013

Mtechtips jpy/inr spot currency pair this week closed at 56.55 with heavy loss.after last 4 weeks technical bounce back this week yen lost all gains of bounce back and closed below that suggest second levels of downside breakout. for next week on downside 54 and then 52.5 as supports as well as target levels while on upside 57.5 and 58.8 will be resistances.from now here we will see heavy volatility and trading become very difficult so keep that in mind. on indicators,yen rupee weekly cci is –115 and moving towards previous lows which is very bad sign for yen.while rsi is 24 and trending lower in oversold zone which is also bad signs and may be this correction last for months in upcoming time.

WWW.MTECHTIPS.COM
07489294118-119
MTECHTIPS

Mtechtips MCX-SX JPYINR intraday trading analysis 11-03-2013

Mtechtips jpy/inr spot currency pair this week closed at 56.55 with heavy loss.after last 4 weeks technical bounce back this week yen lost all gains of bounce back and closed below that suggest second levels of downside breakout. for next week on downside 54 and then 52.5 as supports as well as target levels while on upside 57.5 and 58.8 will be resistances.from now here we will see heavy volatility and trading become very difficult so keep that in mind. on indicators,yen rupee weekly cci is –115 and moving towards previous lows which is very bad sign for yen.while rsi is 24 and trending lower in oversold zone which is also bad signs and may be this correction last for months in upcoming time.

WWW.MTECHTIPS.COM
07489294118-119

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Published by: MtechTips on Mar 11, 2013
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05/14/2014

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MTECHTIPS

Mtechtips MCX-SX JPYINR intraday trading analysis 11-03-2013

Mtechtips jpy/inr spot currency pair this week closed at 56.55 with heavy loss.after last 4 weeks technical bounce back this week yen lost all gains of bounce back and closed below that suggest second levels of downside breakout. for next week on downside 54 and then 52.5 as supports as well as target levels while on upside 57.5 and 58.8 will be resistances.from now here we will see heavy volatility and trading become very difficult so keep that in mind. on indicators,yen rupee weekly cci is –115 and moving towards previous lows which is very bad sign for yen.while rsi is 24 and trending lower in oversold zone which is also bad signs and may be this correction last for months in upcoming time. WWW.MTECHTIPS.COM 07489294118-119

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