JPY INR december forecast-57.6 is make or break level

 YEN RUPEE Monthly Outlook for Dec 2017

 

jpy-inr future in november closed at 57.62 with gain.

for month of december, yen is trading at make or break level of 57.6 rupee with bearish divergences on indicators.

below 57.6, jpyinr future will remain weak and sell for target 56.85-56.

above 57.6, yen remain strong and will head for 58.4-59.2.

from long term view, yen is range bound in 56 to 59 rupee zone.

 

 

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Pramod Baviskar

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