Jpy inr weekly technical forecast for 14 to 18 November 2016
Yen rupee future this week closed with loss at 63.36. Jpy inr future on upside achieved target of 64.45. After that fresh profit booking in this currency pair, pushed it to 64.55 and then 62.95. Below 62.95 next target was 62 and we saw low up to 62.51. For next week, below 62.95 traders can expect short sell swing target of 62 rupee.
From long term view, yen rupee future achieved all upside targets and now might correct towards 62.7 and then 59.55.