jpy inr monthly technical outlook for may 2016

 

jpy inr monthly technical outlook for may 2016

Yen rupee future last closed at 62.17.

 

On chart, price trend and momentum Is strong for yen.

 

On downside 61.2 is major support for jpy inr future.

 

Above it outlook remain bullish and targets will be 63.35 and 64.5.

 

Below 61.2 on weekly closing, trend will change to bears side. On downside support levels are 60 and 57.9.

 

 

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