Yen rupee future technical calls update
Jpy inr future today closed at 57.37 with loss. This was seventh losing session for yen and in these 7 trading session tumbled from highs of 58.15 to low below 57.3. Yen rupee future for month of July, below 58.25 was bearish and sell on rise. On downside 57.3 and the 56.65 are support zones as well as bearish target levels for short sellers.
Jpy inr future hit 57.3 target yesterday and now hovering around support of 57.3. if slips below 57.3 on daily closing basis then expect downside up to 56.65 in next week. Reversal from here means strong short covering ally towards 58.25. Daily chart currency prices are oversold and suggesting upside in short terms.